Which of the Following Need NOT Be Proved in Order

question 42

Multiple Choice

Which of the following need NOT be proved in order to establish the defense of economic duress?

• A) That one side involuntarily accepted the terms of another.
• B) That circumstances permitted no other alternative.
• C) That one party explicitly made the economic threat.
• D) That the circumstances leading up to the contract were the result of coercive acts of the opposite party.

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Definitions:

Variable Costs

Costs that vary directly with the level of production or output, such as raw materials and direct labor expenses.

Fixed Costs

Costs that remain constant regardless of the amount of production or sales, including rent, salaries, and insurance fees.

Breakeven

The point at which total costs and total revenue are equal, resulting in no net loss or gain, and everything earned beyond this point is considered profit.

Selling Price

The amount of money charged for a product or service, or the sum of values that consumers exchange for the benefits of having or using the product or service.