In Contract Law, the Presence of Which of the Following

question 21

Multiple Choice

In contract law, the presence of which of the following elements would immediately alert a court to the possibility that an agreement may be voidable due to duress?

• A) An error by one or both parties seriously undermines a contract.
• B) The use of a threat of physical harm results in a contract.
• C) Unfair manipulation compromises one party's free will.
• D) A false statement of fact causes someone to enter a contract.

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Definitions:

Total Opportunity Cost

The sum of all the benefits that could have been received from the next best alternative option that was not chosen.

JIT Point

A strategy where materials, goods, and even labor are delivered or acquired just in time to be used, reducing storage and inventory costs.