Mark's Home Had Burned to the Ground

question 44

Multiple Choice

Mark's home had burned to the ground.When he met with his insurance adjuster,she accused him of burning down the house and said she would have him criminally prosecuted if he didn't settle the claim for much less than the house was worth.Mark agreed to the settlement.If he changes his mind,he can probably rescind the settlement on the basis of

• A)fraud.
• B)duress.
• C)undue influence.
• D)mistake.

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Definitions:

Clothing

Textile-based materials worn on the body, primarily used for protection, modesty, and decoration.

Food

Nutrient-rich substances consumed by organisms to provide energy and maintain life.

Utility Possibilities Frontier

A graphical representation showing all the possible combinations of two goods that two countries (or agents) can efficiently produce using all of their resources.

Marginal Rates

The amount of change in a variable (often related to costs or taxes) associated with a one-unit change in another variable.