What Is the Underlying Concern of the Economic Duress Doctrine

question 72

Multiple Choice

What is the underlying concern of the economic duress doctrine?

• A)Enforcement of the federal antitrust laws.
• B)Enforcement of the federal securities laws.
• C)Preventing misrepresentations of law.
• D)Enforcing certain minimal standards of business ethics.
• E)Preventing fraud in the inducement.

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Definitions:

Principal

In agency law, the individual or entity that authorizes an agent to act on their behalf in business transactions.

Agent

An individual or entity authorized to act on behalf of another person or entity in legal or business matters.

Defraud

The act of misleading or deceiving someone typically for financial or personal gain.

Scope of Authority

The extent of powers given to an individual or a body, determined by an agreement, law, or rules governing their actions.