The Longer Adolph Stayed on This Job, the More He

question 85

Multiple Choice

The longer Adolph stayed on this job, the more he hated it.He thought the boss was too demanding.He especially disliked being reprimanded for being late.One afternoon, he was asked by a secretary to take a letter to the boss for his signature.The boss had had an eye operation and was recuperating at home.Adolph got two signatures, one on the letter and one on a note promising to pay Adolph $1000 in consideration for services rendered.The boss was not careless, but couldn't read the papers.What plea or argument, if any, could the boss use to avoid paying on the promissory note?

• A)Unconscionability
• B)Duress
• C)Shared mistake
• D)Rectification
• E)Non est factum

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Definitions:

Credit Rating

An evaluation of the creditworthiness of an individual or corporation, often expressed as a grade or score, that reflects the likelihood of the entity defaulting on its debts.

Cost of Debt

The effective rate that a company pays on its total debt.

Divisional Cost

The total expenses associated with operating a specific department or segment within a company.

Pure Play Approach

A business strategy in which a company focuses exclusively on one particular product or service to gain a competitive advantage.