Taking Advantage of Another Person's Mental, Emotional, or Physical Weakness

question 37

True/False

Taking advantage of another person's mental, emotional, or physical weakness and unduly persuading that person to enter into a contract constitutes duress.

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Definitions:

Luxury Watchmaker

A company or individual specialized in designing, manufacturing, and selling high-end, precision timepieces, often with a focus on craftsmanship and prestige.

Prestige

The respect and admiration that something or someone receives based on a perception of their success or quality.

Breakeven Analysis

Pricing-related technique used to determine the minimum sales volume a product must generate at a certain price level to cover all costs.

Fixed Costs

Expenses that do not change in proportion to the activity of a business, such as rent, salaries, and insurance.