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.

Critically assess the strength of an argument based on its premises and conclusion.

Develop the ability to construct arguments without resorting to logical fallacies.

Understand and apply mnemonic devices to enhance memory.

Identify and analyze the types of intelligence as proposed by Gardner, and their application in various practical situations.

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Definitions:

Currency

A system of money in general use in a particular country.

Checking Accounts

Bank accounts that allow the owner to make deposits, write checks, and withdraw funds with ease, typically used for daily transactions.

Liquid Investment Assets

Assets that can be quickly converted into cash with minimal impact on their price, such as stocks and bonds.

Internal Controls

Processes and procedures implemented to assure integrity and accuracy of financial and operational information, prevent fraud, and protect the assets of the organization.