Which of the Following Contracts Would Be Void Due to Duress

question 23

Multiple Choice

Which of the following contracts would be void due to duress?

• 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 convinces Mr. McGill to invest in the new business.

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Definitions:

Growth Rate

The measure of the increase in a particular variable, such as GDP or population size, over a specific period of time, usually expressed as a percentage.

Nominal GDP

The gross domestic product measured in current market prices, without adjustment for inflation.

Real GDP

The total market value of all final goods and services produced in an economy in a year, adjusted for inflation, reflecting the actual economic output.

Changes

Alterations or modifications in conditions, situations, or in the state of affairs.