Which of the Following Occurs in Australia Whenever an Illegitimate

question 51

Multiple Choice

Which of the following occurs in Australia whenever an illegitimate threat is made to hold on to goods unless a payment is made or an agreement is entered into?

• A)Duress of trade
• B)Duress of goods
• C)Duress of merchandise
• D)Unreasonable duress
• E)Unconscionable duress

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Definitions:

World Price

The global market price of a product, influenced by worldwide conditions of supply and demand.

World Price

The worldwide market value of a good or service, shaped by international demand and supply forces.

Tariff

A tariff is a tax imposed by a government on goods and services imported from other countries, used to regulate trade, protect domestic industries, or generate revenue.

Welfare Loss

The decrease in social welfare, usually measured in terms of lost economic efficiency or satisfaction, due to factors like taxes or monopolies.