Author Question: When one party wrongly threatens to injure another person physically in order to get agreement to a ... (Read 65 times)

kamilo84

  • Sr. Member
  • ****
  • Posts: 495
When one party wrongly threatens to injure another person physically in order to get agreement to a contract, economic duress occurs.
  Indicate whether the statement is true or false

Question 2

An oral understanding is not binding if:
 A) the services performed were not to the satisfaction of the other party.
 B) the amount agreed to be paid for services rendered was not a fair and reasonable amount.
 C) the parties intended to formalize their understanding with a written agreement.
 D) the understanding may be terminated at will by either party.



bigcheese9

  • Sr. Member
  • ****
  • Posts: 333
Answer to Question 1

FALSE

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

For a complete list of videos, visit our video library