What Is Physical Duress

question 15

Multiple Choice

What is physical duress?

• A) physically damaging the contract documents
• B) signing a contract without the knowledge that it represents fraudulent information
• C) threatening to physically harm someone if he or she does not sign a contract
• D) persuading a person to rescind a valid contract by misrepresenting the facts

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Definitions:

Operating Cost

Expenditures directly related to the day-to-day operations of a business, including costs for materials, labor, and overhead.

Useful Life

The duration for which an asset is expected to be operationally productive, impacting its depreciation schedule and replacement planning.

Value-based Pricing

A pricing strategy where prices are set primarily on the perceived value to the customer rather than on the cost of the product or historical prices.

Industrial Grinder

A heavy-duty machine designed for industrial applications, such as grinding metals or plastics.