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Often a Party to a Contract Wants to Avoid His

question 3

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Often a party to a contract wants to avoid his obligations by arguing that the contract was entered into because of a mistake, misrepresentation, undue influence, or duress. Which of the following is false with regard to these areas of the law?


Definitions:

Economic Downturn

A period when the economy slows down, marked by reduced industrial activity, consumer spending, and employment rates.

Unemployment Rate

The percentage of the labor force that is jobless and actively looking for employment.

Pink Slip

Casual expression for being notified about being let go from a job.

UPS

United Parcel Service, a global company specializing in package delivery and supply chain management.

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