James is going through a difficult time and does not feel he can confide in anyone. Eventually he confides in the priest of his church and asks for support. The priest forcefully tells James to turn over all of his money to the church or he will be struck down by lightening. The priest does not believe that James will be struck down. James makes the payments. Which of the following is most likely legal grounds for James to avoid the transaction?Group of answer choicesMisrepresentationDuressUndue InfluenceMistake

Which of the following refers to a contract by which one party promises to save the other from loss caused to him by the conduct of the Promisor himself, or by the conduct of any other person'?

In which of the following circumstances will the rest of the partners NOT be liable for the conduct of a partner?Group of answer choicesA partner enters into a contract on behalf of the partnership, which is not expressly required by the partnership agreement, yet is within the scope of the firm’s normal businessAn outsider entered into a series of agreements with a partner in the name of the partnership. The other partners have no knowledge of this partner’s actions and the partner did not have the authority to enter into the agreements. However, the type of agreements entered into could be considered by an outsider to be of a type that such a firm would legitimately have enteredWhile acting within the scope of his/her apparent authority, a partner advises a client of the partnership to invest in a company which the partner knows is a mere shell company. This shell company has no shares, has no bank account and does not engage in business. The client followed the advice of the partner and invested as instructed. The client loses all of his money when the same partner takes the money and goes into hiding. The client seeks compensation in tort from the remaining partnersA partner, who is also a trustee of the firm, improperly employs trust property on account of the partnership without the knowledge of the other partners

Select the correct answerComplete the Sentence using any one of the options given below:Through his________ he managed to cheat his partners out of their earningsOptionsinefficiency dealingsmachinations regime ineptness

Illegitimate activities causing financial loss to the business.Select the correct termBeing under the Influence of AlcoholUse, Sale or Possession of a Non-prescription Controlled SubstanceTheft or FraudDamage to Assets

A partner who has undertaken to contribute a sum of money and fails to do so becomes a debtor for the interest and damages from the time he or she should have complied with his or her obligation.Group of answer choicesTrueFalse