Physical Duress Occurs When There Is Physical Harm to the Contractual

question 49

True/False

Physical duress occurs when there is physical harm to the contractual document, such as complete or partial destruction or manipulation of content.

---

Definitions:

Fiscal Policy Measures

Government actions involving taxation and spending to influence the economy.

Budget Deficits

A situation where a government's expenditures surpass its revenues within a specific time period, leading to borrowing or debt accumulation.

Discretionary Fiscal Policy

Government strategies involving adjustments in spending levels and tax rates to influence the overall economy, aimed at stabilizing seasonal or cyclical fluctuations.

Unemployment Insurance

A government program that provides temporary financial assistance to workers who have lost their jobs through no fault of their own.