What Term References Threats or Coercion That Is Used by One

question 62

Multiple Choice

What term references threats or coercion that is used by one party to a contract to force another to agree to a contract?

• A) Duress
• B) Undue influence
• C) Breach
• D) Power of Attorney

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Definitions:

Discounted Price

Discounted Price refers to a price that has been reduced from the original or listed cost, often to accelerate sale or clearance or as part of promotional offers.

Credit Terms

Credit terms are the payment conditions imposed by suppliers on customers, including the amount of time allowed to pay off the amount due.

Goods

Tangible items that are produced or manufactured for sale to consumers or other businesses.

Present Value

The current value of a future amount of money, calculated by applying a discount rate to account for the time value of money.