Judy, a widow, just sold a piece of property. She will live off that money during her retirement. Judy dotes on her son, Chris, who asks her to invest her money in his restaurant, which is faltering. He tells her that if she does not lend him the money she will never see him again. She is afraid of being alone and agrees to his request, but soon changes her mind and asks for her money back. Chris claims they have formed a binding contract. What is your conclusion?
A) The contract is voidable based on duress.
B) The contract is valid because it was a unilateral mistake.
C) The contract is voidable based on undue influence.
D) The contract is voidable based on fraud.
Correct Answer:
Verified
Q28: Ordinarily, a party to a contract has
Q29: Marquez agrees to buy Dale's pickup truck
Q30: Jack sells Jim a used car that
Q31: A minor cannot avoid a contract that
Q32: An agreement is not binding when:
A) one
Q34: A claim of undue influence will be
Q35: Assume Harvey buys a bull from Mike
Q36: A person lacks contractual capacity if:
A) the
Q37: A finding of undue influence would most
Q38: As a general rule, the nondisclosure of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents