Which of the Following Is an Example of Duress

question 109

Multiple Choice

Which of the following is an example of duress?

• A) Joe, knowing of Harry's financial situation, refuses to sell him his car.
• B) Joe refuses to sell Harry his car unless Harry offers him more money.
• C) Joe threatens to smash Harry's car if Harry won't sell it to him.
• D) Joe counteroffers Harry's original offer.
• E) Joe wants to purchase Smith's car from him, and Smith sells it to someone else.

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Definitions:

Financial Institutions

Businesses that provide financial services, including banks, credit unions, insurance companies, and investment firms.

Market Share

Represents the portion of a market controlled by a particular company or product.

Share of Customer

The percentage of an individual customer's purchase of a product that comes from a specific company.

Zone of Tolerance

the range within which customers are willing to accept variations in a product or service's quality.