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One of the Most Extreme Examples of __________ Was When

question 60

Multiple Choice

One of the most extreme examples of __________ was when Volkswagen promoted its cars as being in the forefront of the clean energy trend even while rigging its "clean diesel" engines with software designed to trick emissions tests.

Understand the concept of fraudulent misrepresentation and its implications on contract validity.
Comprehend the definition and consequences of undue influence in contract law.
Recognize the role of economic coercion and duress in voiding or voidability of contracts.
Grasp the distinctions between types of fraud, including fraud in the inducement, and their impact on contracts.

Definitions:

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money either on demand or at a set time, with the payee’s name mentioned on it.

Fraud in the Factum

A deception made during the act of signing a document, where the signer is misled about the nature of the document and what signing it entails.

Liable

Being legally responsible or obligated; for example, due to negligence or breach of contract.

Holder in Due Course

A party who has acquired a negotiable instrument in good faith, for value, and without notice of any defects, and thus has certain legal protections.

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