Duress Is a Defense to the Enforcement of a Contract,but

question 35

True/False

Duress is a defense to the enforcement of a contract,but not a ground for rescission of a contract.

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Definitions:

Retained Earnings

Cumulative net income of a company that is retained within the business rather than distributed to shareholders as dividends.

Cost of Goods Sold

The total cost directly associated with producing goods, including materials and labor expenses, that a company sells during a specific period.

Collections

The process of recovering amounts owed to a business by its debtors or customers.

Net Income

Net income is the total profit of a company after all expenses, taxes, and costs have been deducted from total revenue.