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suter [353]
3 years ago
11

If one of the parties to a contract is forced to agree out of fear of harm, then genuineness of assent has not been achieved. Th

e legal defense of _____ is available here, and the contract may be rescinded.
Business
2 answers:
Simora [160]3 years ago
8 0

Answer: duress

Explanation: The legal defense available in this situation is duress. Duress is defined legally as a restraint in which a person is influenced, whether by lawful or unlawful forceful compulsion of their liberty by monition or implementation of physical enforcement; legally for the incurring of civil liability, of a citizen's arrest, or of subrogation, or illegally for the committing of an offense, of forcing a contract, or of using threats. Genuineness of assent is not achieved when parties are forced to agree to something under threat of harm.

Hoochie [10]3 years ago
7 0

Answer:

duress

Explanation:

A contract may not be enforced it any of the parties does not give genuine or real assent, i.e. they freely agree with the contract terms.

Duress happens when one of the parties threatens to do something bad or wrong to the other party in order to force them to enter a contract. Contracts agreed under duress can be invalidated.

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Determine if the people in the example have benefited (i.e., are winners) or have been harmed (i.e., are losers) by unexpected i
nevsk [136]

Answer:

Winners

  • 3rd National, a bank that loaned many people money for home purchases.

Losers

  • Karen, a retired school teacher that relies upon her fixed pension to pay for her expenses.
  • Herb, who keeps his savings in an old coffee can.
  • Joy, who has borrowed $40,000 to pay her college education.
  • The US federal government which had almost $15 trillion in debt in 2011.

Explanation:

When unexpected inflation occurs, the usual plan to by Monetary Institutions of a country is raising the interest rates.

By doing that, they want to stop it or slowly decelerate it.

So that it becomes more expensive to take a loan, the idea is to reduce consumption.

In Economics, it's a bad scenario after all. Few winners. Many losers.

So, let's examine them

Winners

  • 3rd National, a bank that loaned many people money for home purchases.

At first, The 3rd National is going to be winning since the value of the debt will rise, depending on the type of contract and an increase in the interest rate will demand corrections on the monthly payments. But on the other hand, the number of default clients and overdue installments will raise for sure.

Losers

  • Karen, a retired school teacher that relies upon her fixed pension to pay for her expenses.

Inflation reduces the real buying value of her checks. And her pension can't grow otherwise this will feed the inflation too.

  • Herb, who keeps his savings in an old coffee can.

Since his money is not invested then He's not having any earning that might give him some compensation. So his money is even more devalued.

  • Joy, who has borrowed $40,000 to pay her college education.

Depending on the contract Joy might be sleepless. Either her monthly payments will become more expensive or She may experience difficulties because of the weekly growing prices.

  • The US federal government had almost $15 trillion in debt in 2011.

Certainly, the president and his secretary will have to address the fact that due to inflation and the chosen medicine make the nation's debt up to the sky. They must renegotiate the payment deadlines.

7 0
3 years ago
Another way to achieve the same goals as minimum wage and rent control (without keeping markets from reaching equilibrium levels
LekaFEV [45]
A.) personal income
 with you using your own money nothing deducts or raises money for rent or wage.
8 0
2 years ago
Read 2 more answers
Trey owns 250 shares of common stock in a toy–store company. this means that he owns a percentage of the company based on the pr
madreJ [45]
Vote is the correct answer
4 0
2 years ago
Which of the following is NOT an accurate statement?
Mandarinka [93]

Answer:

The correct answer is c. Workers in high-tech fields do not need good communication skills.

Explanation:

Communication skills refer to the ability to send, receive, elaborate and issue information, ideas, opinions and attitudes of the highest quality and oriented towards personal and organizational objectives. To properly carry out their activities, administrators must have at least the basic skills of oral, written and non-verbal communication related to: communication with clients, communication with their subordinates, communication with their superiors, with the media , sensitivity to cultural differences, among others.

  • Nonverbal communication skills refer to the use of facial expressions, movements and body language for the transmission of meaning.
  • Verbal communication skills refer to both oral messages that are used most frequently and take place in personal meetings and telephone conversations, as well as written messages, which are transmitted in different modalities (memorandums, fax, letters, newsletters, etc. .).

Communication is immersed in all the activities of the administrators, intimately relating to their performance.

4 0
3 years ago
Highgrove Industries must decide which process technology to adopt, given the information below. Cost Technology A Technology B
mash [69]

Answer:

Technology C

Explanation:

Total Cost = Fixed Cost + Variable cost * (Number of Units)

Total Cost for Technology A = $80000 + $2.20*(100,000 units)

Total Cost for Technology A = $300,000

Total Cost for Technology B = $120,000 + $1.85*(100,000 units)

Total Cost for Technology B = $305,000

Total Cost for Technology C = $130,000 + $1.65*(100,000 units)

Total Cost for Technology C = $195,000

Conclusion: The minimum total cost for 100,000 Unit is for process technology C, Hence this technology would be recommended

3 0
2 years ago
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