When you went home for Thanksgiving dinner, your great aunt, now 80 years old, seemed very unhappy. You learned that she had just signed a contract to buy an expensive condominium in a retirement community. She had attended a real estate "seminar" with her friend. In trying to think of a way for her to get out from under this contract, you review mistake, duress, undue influence, and unconscionability. Which of the following is false?

A) To avoid the contract on the basis of non est factum, she would have to prove, among other things, that she did not understand the nature of the document signed.
B) To avoid the contract on the basis of undue influence, she would have to show that she was improperly pressured by a trusted person in a dominant position.
C) To avoid the contract on the basis of duress, she would have to show that she was forced into signing the contract against her will by serious threats.
D) To avoid the contract on the basis of unconscionability, she would have to have evidence that the sellers of the property knowingly took advantage of their superior bargaining position and that the consideration was grossly unfair.
E) To avoid the contract on the basis of mistake, there is a presumption of mistake and she will automatically get out of the contract.

E) To avoid the contract on the basis of mistake, there is a presumption of mistake and she will automatically get out of the contract.

Business

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Which of the following is an example of arbitrage?

A) An inventor of a new hydrocarbon cracking technology based on palladium buys this metal knowing that its price will rise when the technology is adopted. B) A metals merchant is offered $108,000 in one year for $100,000 of palladium today, when the interest rate is 10%. C) An investor, seeing that the price of palladium on the metals exchange in two different countries is slightly different, buys on one and sells on the other to make a profit. D) A firm buys $250,000 of palladium today, with an option to sell it at $275,000 in one year if interest rates rise above 10%.

Business

Which best defines the function of a primary key?

A) It uniquely identifies each record B) It is always a number C) It is the first field in a table D) It unlocks the data in a table

Business