An Offeror Uses Blackmail to Make an Offeree Sign a Contract

question 63

Multiple Choice

An offeror uses blackmail to make an offeree sign a contract that involves the sale of the offeree's house. The contract is ________.

• A) valid
• B) void
• C) voidable
• D) unenforceable

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Definitions:

Industry Being Regulated

The sector of an economy that is subject to oversight and control by governmental or regulatory bodies to ensure fairness, safety, and adherence to rules.

Inefficiencies

Situations or processes that waste resources, resulting in lower productivity or effectiveness than potentially achievable.

Public Choice Theory

The economic analysis of government decision making, politics, and elections.

Government Decision Making

The process by which officials of a government choose options and take actions affecting the country or a section of its population.