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sashaice [31]
3 years ago
8

Which of the following scenarios makes Tim liable for undue influence? a. He uses a false identity, borrows $10,000 from Kelly,

and disappears with the money. b. He threatens to kill Carlos if Carlos does not sign a contract that transfers all his property to Tim. c. He takes advantage of his grandmother's illness and persuades her to sign a will leaving all her property to him. d. He threatens to bring a lawsuit against Carlos if Carlos does not make him a partner in his firm.
Business
1 answer:
dedylja [7]3 years ago
8 0

Option C , Tim takes advantage of his grandmother's illness and persuades her to sign a will leaving all her property to him.

Explanation:

A individual who demonstrates excessive control may always be someone who has a special connection with the testator who has had the ability to render the testator vulnerable who affected by terms of danger, difficulty, manipulation.

Undue interference occurs mainly in areas of probate, trust and properties, power of attorney and custody.

Indecent influence is not usually a crime in itself, but it can be a means of committing a crime, including exploitation, fraud, domestic abuse and sexual assault.

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Larry is a minor, age 16 years old.
maxonik [38]

Answer:

What is entirely true about this contract is:

The contract is a VALID contract but is also a VOIDABLE contract on the part of Larry but NOT on the part of Sprint.

Explanation:

As a minor, Larry (he was under the age of 18 when he signed the contract with Sprint) lacks the contractual capacity to enter into the contractual relationship with Sprint.  But since he has signed the contract in exchange for the purchase of the cell phone, Larry can either honor the deal or void the contract.  This is why the contract is said to be valid but voidable at Larry's behest.  However, after Larry has turned 18, if he has not done anything to void the contract, then the contract with Sprint can no longer be voided.

4 0
3 years ago
A bank can offer which of the following
konstantin123 [22]

Answer:

Checking Account, Savings Account, Safety Deposit Box

Explanation:

Banks are financial institutions that provide a wide variety of financial services to their customers. They accept customer deposits and issue loans. Commercial banks act as intermediaries between the supply side and demand side of credit.

Commercial banks are also known as deposit-taking institutions. Deposits facilities offered by banks include

  • Checking accounts,
  • Savings accounts,
  • Safety Deposit Box
  • Money Markets accounts
  • Certificated of Deposits accounts

8 0
3 years ago
Assets Liabilities and Net Worth Reserves $51 Checkable Deposits $140 Loans 109 Stock Shares 130 Securities 100 Property 10 Refe
erastovalidia [21]

Answer:

$9 billion

Explanation:

Calculation to determine what The commercial banking system has excess reserves of

Using this formula

Excess Reserve= Net Worth Reserves -Required reserve

Let plug in the formula

Excess Reserve=$51 billion - (.30*$140 billion)

Excess Reserve=$51 billion-$42 billion

Excess Reserve=$9 billion

Therefore The commercial banking system has excess reserves of $9 billion

5 0
3 years ago
During hyperinflation, the value of money: Multiple choice question. falls slowly rises slowly does not change falls rapidly ris
Vinil7 [7]

The value of money grows fast during hyperinflation.

Hyperinflation is defined by fast and unrestricted price rises in an economy, generally at rates greater than 50% per month over time. In times of war and economic turbulence in the underlying manufacturing sector, along with a central bank creating an excessive quantity of money, hyperinflation can arise.

As essential items such as food and gasoline become limited, hyperinflation can cause price increases.

While hyperinflations are uncommon, once they start, they may quickly spiral out of control.

Therefore, the correct option is rises rapidly.

To know more about hyperinflation click here:

brainly.com/question/1297747

#SPJ4

8 0
2 years ago
What is an important characteristic of the M1 money supply? . . A. liquidity . . . . C. flexibility . . D. solidity .
Mrrafil [7]

An important characteristic of the M1 money supply would be liquidity. The correct answer between all the choices given is the first choice or letter A. I am hoping that this answer has satisfied your query about and it will be able to help you, and if you’d like, feel free to ask another question.

6 0
3 years ago
Read 2 more answers
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