While George Was Visiting His Physician, He Mentioned to Him

question 45

True/False

While George was visiting his physician, he mentioned to him that he wished to sell his expensive sailboat. The physician expressed an interest in buying the boat and offered to pay George $10,000 for it. George had intended to advertise the boat for $12,000 in the local newspaper but agreed to sell it to the physician for $10,000. Some weeks after the boat had been sold; George wished to avoid the contract. The physician could rebut the presumption of undue influence by proving that he paid a reasonable price for the sailboat, and that George had freely offered to sell him the boat.

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Definitions:

Edward Bellamy

An American author and socialist, most famous for his utopian novel, "Looking Backward: 2000-1887."

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An American oil producing, refining, and transporting company established by John D. Rockefeller that became a symbol of the monopolistic practices and economic power of the Gilded Age.

John D. Rockefeller

An American industrialist and philanthropist who played a pivotal role in the establishment and growth of the oil industry.

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A social reform movement that began in the late 19th and early 20th centuries, aimed at improving the lives of the poor by establishing community centers in urban areas.