Questions: Question 20 (2 points) Threats of a business nature that cause a person to enter into a contract without real consent would qualify as a duress b fraud c economic duress d undue influence Question 21 (2 points) Ending a contract by mutual release is not allowed by law. True False Question 22 (2 points) An offer to do what you have agreed to do under a contract is called a tender of performance b satisfactory performance c accord and satisfaction d substantial performance

Question 20 (2 points) Threats of a business nature that cause a person to enter into a contract without real consent would qualify as a duress b fraud c economic duress d undue influence Question 21 (2 points) Ending a contract by mutual release is not allowed by law. True False Question 22 (2 points) An offer to do what you have agreed to do under a contract is called a tender of performance b satisfactory performance c accord and satisfaction d substantial performance
Transcript text: Question 20 (2 points) Threats of a business nature that cause a person to enter into a contract without real consent would qualify as a duress b fraud c economic duress d undue influence Question 21 (2 points) Ending a contract by mutual release is not allowed by law. True False Question 22 (2 points) An offer to do what you have agreed to do under a contract is called a tender of performance b satisfactory performance c accord and satisfaction d substantial performance
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Solution

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The answer is c economic duress

Explanation
Option a: Duress generally refers to threats or pressure that force someone to act against their will. However, in a business context, it is more specifically referred to as economic duress.
Option b: Fraud involves deception to secure unfair or unlawful gain, which is different from threats.
Option c: Economic duress involves threats of a business nature that force a person to enter into a contract without real consent.
Option d: Undue influence involves taking advantage of a position of power over another person, which is different from threats.

The answer is False

Explanation

Ending a contract by mutual release is allowed by law. Mutual release is a common way to terminate a contract where both parties agree to release each other from their obligations.

The answer is a tender of performance

Explanation
Option a: A tender of performance is an offer to perform what one is obligated to do under a contract.
Option b: Satisfactory performance refers to completing the contract terms to the satisfaction of the other party.
Option c: Accord and satisfaction is a legal contract whereby two parties agree to discharge a tort claim, contract, or other liability for an amount based on terms different from the original amount of the contract or claim.
Option d: Substantial performance refers to a situation where a party has performed enough of the contract to warrant payment, despite minor breaches.
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