Fact Pattern 14-A3

question 9

Multiple Choice

Fact Pattern 14-A3
Flo enters into a contract under Gail's threats. Later, Flo refuses to perform, claiming that she acted under duress.
-Refer to Fact Pattern 14-A3. Flo sues to rescind the contract. Gail claims that duress is a defense to enforcement of a contract, not a ground for re?scission. The court will probably rule in favor of

• A) Flo only.
• B) Flo and Gail.
• C) Flo or Gail, but not both.
• D) Gail only.

Evaluate the effects of technological changes on labor markets.

Analyze the relationship between the price of output and the rental price of capital equipment.

Understand the effects of a change in the market price of goods on labor demand and wages.

Understand the effects of changes in wages on the supply and demand for labor and other factors of production.

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Definitions:

Football Tickets

Football tickets are passes that allow entry to watch a football game, often sold by teams or authorized vendors.

Demand

The amount of a product or service that buyers are prepared and capable of buying at different price levels.

Gasoline Demanded

The quantity of gasoline consumers are willing and able to purchase at a given price within a specified period.

Buick Owner

An individual or entity that possesses a vehicle manufactured by the Buick division of General Motors.