Forcing Someone to Enter into a Contract by Threatening to Do

question 60

True/False

Forcing someone to enter into a contract by threatening to do something that the threatening party has no right to do is duress.

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Definitions:

Overstated

A situation where financial figures are reported to be higher than they actually are, leading to a misrepresentation of a company's financial health.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account columns to check the accuracy of the accounts.

Ledger

A comprehensive collection of all accounts and transactions of a company or individual, recorded in a systematic manner.

Account Balance

The amount of money in a financial repository at any given moment, which can fluctuate with deposits, withdrawals, and interest payments.