If Agreement of Either Party Is ?Obtained by Fraud, Misrepresentation

question 27

Multiple Choice

If agreement of either party is ?obtained by fraud, misrepresentation, mistake, undue influence, or duress, or if the contract is one of adhesion, or is unconscionable, a(n) :

• A) executed contract results.
• B) valid contract results.
• C) void contract results.
• D) voidable contract results.

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Definitions:

Behavioralist Approach

A method in economics that uses psychological insights into human behavior to explain economic decision-making.

Legal Cartel Theory

A concept in economic theory suggesting that certain legal frameworks or conditions can enable firms to engage in cartel-like behavior without explicit agreements.

Sherman Act

A landmark federal statute in the field of United States antitrust law passed by Congress in 1890 to prohibit monopolistic business practices.