Bob's Threat to Breach an Existing Contract Unless Lauren Makes

question 25

Multiple Choice

Bob's threat to breach an existing contract unless Lauren makes another contract with Bob is considered:

• A) an element of duress,because breach of an existing contract violates a criminal statute.
• B) an element of duress,depending mainly on the coerciveness of the threat.
• C) not an element of duress,because it does not involve physical force.
• D) not an element of duress,because breaking a contract normally does not violate a criminal statute.

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Definitions:

Economic System

Represents the method employed by societies to allocate resources, produce goods and services, and distribute them amongst its members.

Allocated Efficiently

refers to the optimal distribution of resources so that it maximizes the net benefit received from their use.

Soviet Union

A former federal socialist state in Northern Eurasia that existed from 1922 to 1991, composed of multiple Soviet republics.

Fuel Standard Requirements

Regulations that set specific benchmarks for the composition or performance of fuels used in vehicles to reduce environmental impact.