<u>Explanation:</u>
The key elements of undue influence are as follows:
The parties to the contract should have relationship based on trust, confidence or authority. One person takes advantage of another person with authority.
To enter into the agreement the stronger party influences the other party by using force, domination or unfair persuasion.
When there is undue influence then there is no genuine assent of the party to the agreement.
The party to the agreement does not have adequate knowledge about the consequences of the agreement.
Answer: See explanation
Explanation:
a. Even though firm B received a cash of $522, only $22 which is the interest will be taxable as the $500 which is the principal isn't taxable.
b. Even though Firm B got $600 cash, there'll be no taxable income as the receipt brought about a liability. Hence, taxable income is 0.
c. Even though Firm B got $10000 cash, there'll be no taxable income as the receipt brought about a liability and the net worth wasn't increased. Hence, taxable income is 0.
d. The taxable income here will be $888.
D. The consumer violates completeness.
I hope this helps.
Answer:
applying for a credit card
Explanation:
