A real-estate agent, Jones, was owed a $17,000 commission, having sold property for Mr. Quick. Mr. Quick couldn't be found, but Jones did find his wife and learned that she had over $20,000 in treasury bills. Mr. Jones told her that if she didn't assign to him $17,000 of the $20,000, he would make sure her husband was imprisoned for his debts and "for other crimes" he knew about. If she did make an assignment in writing to Jones of the $17,000 but later tried to void the agreement, she would argue which of the following?
A) Statutory assignment
B) Mistake
C) Non est factum
D) Duress
E) Privity
D) Duress
Business
You might also like to view...
During 2016, Elwood Company purchased a piece of land for $900,000 that is qualified as property and equipment. It spend $5,000 in legal fees associated with the land and another $50,000 grading and readying the land for its purpose. Determine the value in the land account at the end of 2016.
a. $855,000 b. $945,000 c. $955,000 d. $950,000 e. $905,000
Business
If it took 1000 hours to produce the first unit of a product, and the learning curve is 70%, how long will it take to produce units 26 through 50?
A) 12,307 hours B) 8,404 hours C) 134 hours D) 3,903 hours E) none of the above
Business