How Was the Defendant in Williams V Bayley Able Successfully

question 3

Multiple Choice

How was the defendant in Williams v Bayley able successfully to establish that the agreement he had entered into with the bank was voidable?

• A) The defendant proved that he had not acted as a free and voluntary agent when entering into the agreement..
• B) The bank misrepresented the details of the agreement to the defendant.
• C) The defendant's son had acted as an agent for the defendant without the latter's knowledge.
• D) None of the options provided are correct.

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Definitions:

Tariffs

Tariffs are taxes imposed by a government on imported or exported goods.

Quotas

Government-imposed trade restrictions that limit the quantity or monetary value of goods that can be imported or exported during a specified time.

Comparative Advantage

The ability of a country to produce a particular good or service at a lower opportunity cost than its trading partners.

Import Quota

A government-imposed limit on the quantity or value of goods that can be imported into a country.