Multiple Choice
Which of the following contracts would be void due to duress?
A) Mikhail wants Ivana to sign a contract for the sale of her apartment. He tells her that if she does not sign the contract, he will harm her son.
B) Janet owns a pair of zircon earrings. She sells them claiming they are diamonds and receives a much higher price for them.
C) Carla unknowingly sells a painting to a collector thinking it's genuine. However, the collector finds out that it actually is an imitation.
D) Gary has been the McGill family attorney for decades. When he needs investors for his business, he convinces Mr. McGill to invest in the new business.
Correct Answer:

Verified
Correct Answer:
Verified
Q44: A liquidated debt exists when there is
Q45: A contract that is established by the
Q46: A contract exists when the purpose of
Q47: State the requirements for a legal acceptance
Q48: A voidable contract is a contract that
Q50: A(n) contract gives one of the parties
Q51: Article 2 of the Uniform Commercial Code
Q52: A contract established by the conduct of
Q53: is defined as a bargained-for exchange of
Q54: Explain the differences among void, voidable, and