Which of the Following Contracts Would Be Void Because of Undue

question 60

Multiple Choice

Which of the following contracts would be void because of undue influence?

• A)Mikhail wants Ivana to sign a contract for the sale of her apartment. He tells her that if she does not sign the contract, he will harm her son.
• B)Janet owns a pair of zircon earrings. She sells them claiming they are diamonds and receives a much higher price from them.
• C)Carla unknowingly sells a painting to a collector thinking it's genuine. However, the collector finds out that it actually is an imitation.
• D)Gary has been the McGill family attorney for decades. When he needs investors for his business, he demands that Mr. McGill invest in the new business.

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Definitions:

Maximizing Profit

The process of increasing the difference between total revenues and total costs to achieve the highest possible financial gain.

Minimum Wage

The lowest legal hourly pay that employers can offer to workers, set by government policy to protect worker's living standards.

Real Hourly Earnings

Refer to the purchasing power of an hour's work, adjusted for inflation, indicating the real value of wages over time.

Productivity

The measure of efficiency depicted as the ratio of total output produced to a total input used, often used to gauge the efficiency of production or economic performance.