Asked by Jessica Redding on Jul 27, 2024
Verified
Jerry owns a parcel of land.Nate,one of Jerry's closest friends and an attorney,persuaded Jerry to sell the land to Nate at a price substantially below fair market value.At the time Jerry sold the land,he was resting in a nursing home recovering from a serious illness.If Jerry desires to set aside the sale,which of the following causes of action is most likely to be successful?
A) Duress
B) Undue influence
C) Fraud
D) Misrepresentation
Undue Influence
An act of persuasion that overcomes the free will of another person, often through manipulation or coercion, leading to an unfair advantage in a legal contract or transaction.
Fair Market Value
The price at which property would sell on the open market between a willing buyer and a willing seller, both having reasonable knowledge of the relevant facts.
Serious Illness
A health condition that has a significant effect on a person's life activities, potentially requiring medical attention or treatment.
- Perceive the implications of forceful persuasion and involuntary compliance in contract law.
- Understand the ethical and legal dilemmas associated with business dealings and the exploitation of trust or authority.
Verified Answer
Learning Objectives
- Perceive the implications of forceful persuasion and involuntary compliance in contract law.
- Understand the ethical and legal dilemmas associated with business dealings and the exploitation of trust or authority.
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