________ occurs when one party threatens to do a wrongful act unless the other party enters into

a contract.

A) Fraud in the inducement B) Duress
C) Fraud in the inception D) Undue influence

B

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Parker agrees to sell to Thompson 500 bushels of soybeans at $9.50 per bushel. Without the fault of Parker or Thompson, 200 bushels are destroyed. Thompson must take the remaining 300 bushels and pay Parker $2,850

Indicate whether the statement is true or false

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Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement. With a life annuity, period certain, a payment will be made for a stated period of time [only to the annuitant if she lives | to someone else if the annuitant dies].

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