Where one party takes advantage of a confidential relationship when entering into a contract,
the remedy would be based on:
A) Duress.
B) Fraud in the execution.
C) Unilateral mistake.
D) Unconscionability.
E) Undue influence.
E
You might also like to view...
You own 30,000 shares of a (C) Corporation, which has 100,000 shares outstanding. It produces $1,200,000 in pre-tax profits this year. Its tax rate is 20% and its payout ratio is 75%. You are in the 40% (combined) tax bracket. The tax on your dividends this year will be:
a) 40% x (30,000/100,000) x 1,200,000 x 25% = 36,000 b) 40% x (30,000/100,000) x 1,200,000 = 144,000 c) 40% x (30,000/100,000) x 80% x 1,200,000 = 115,200 d) 40% x (30,000/100,000) x 80% x 1,200,000 x 75% = 86,400 e) 40% x (30,000/100,000) x 80% x 1,200,000 x 25% = 28,800
On the ________, cash dividends become a liability of a corporation
A) declaration date B) date of record C) last day of the fiscal year D) payment date