Which of the Following Would Immediately Let You Know That

question 61

Multiple Choice

Which of the following would immediately let you know that a contract contains an element that would cause a court to hold that the contract is unenforceable?

• A) a desire to end a contract for economic benefit
• B) a failure to diligently negotiate a good outcome
• C) an auxiliary mistake concerning the contract
• D) an inequitable relationship between the parties

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Definitions:

Many

A term indicating a large number of items, people, or entities in a given context.

Crude Quantity Theory

A basic hypothesis regarding the relationship between the quantity of money in an economy and its level of prices.

Constant

A value that remains unchanged throughout the scope of an equation, analysis, or experiment.

PQ

A notation commonly used in economics to represent the product of price (P) and quantity (Q), indicating the total revenue.