Opal asks Paolo, who does not understand English, to sign what Opal says is an application to open a bank account. In fact, the
application is a note. If sued on the note by an HDC, Paolo's best defense would be_________. A. extreme duress.
B. fraud in the execution.
C. fraud in the inducement
D. mistake
Fraud in the execution refers to an unlawful act that can have dire results. Fraud is regarded to be enough action purposely scheduled to mislead another individual with a negative impact on that individual. Fraud may include misinterpreting a contractual component or taking something out of a deal that might deceive another person. Fraud could be a serious felony offense.
Thus, from the above we can conclude that the given case depicts fraud in the execution.
Equilibrium price only exists when the economic forces are balanced. It means when the supply and demand of any commodity is equalized, the price at that stage is called equilibrium and market price.
This is why, the above statement is false because when supply is greater than the demand, price cannot be on equilibrium.
Based on the information given F the company's fiscal year ends on December 31st, Hillsmith should make a year-end adjusting entry to increase: INTEREST PAYABLE $1,050
