Sometimes Genuine Assent Is Not Secured and a Contract May

question 38

Multiple Choice

Sometimes genuine assent is not secured and a contract may be rescinded because one of the parties is forced to agree,for fear of harm.The legal defense available in this situation is _____.

• A)duress
• B)undue influence
• C)fraud
• D)mistake

Calculate the future value of a single sum and annuity.

Grasp the concepts of compound interest and how it is computed.

Identify financial components necessary for future value calculations.

Understand the significance of the time value of money in financial decisions.

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Definitions:

Mutual Funds

Shareholder-funded investment platforms which engage in trading within diversified portfolios under professional management.

Lock-up Restrictions

Contractual limitations on the sale of securities, typically imposed on company insiders following an initial public offering.

Less Liquid

A term describing an asset that cannot be quickly sold or converted into cash without significant loss of value.

More Liquid

Describes an asset or market that allows for assets to be bought or sold quickly without significantly affecting the asset's price.