Question

Which of the following does NOT fall under the categories of "Coercion," "Undue Influence," "Fraud," or "Mistake" in contract law?

a.

Inducing another to act on a false belief through deliberate concealment of facts.

b.

Error in one's knowledge or belief leading to a misunderstanding of the contract.

c.

Using one's position to dominate another person's will for undue advantage.

d.

Applying pressure through criminal means to obtain an advantage.

Posted under IC38 Life Insurance Agent Exam

Answer: (b).Error in one's knowledge or belief leading to a misunderstanding of the contract. Explanation:Error in one's knowledge or belief leading to a misunderstanding of the contract is categorized under "Mistake" in contract law and is distinct from "Coercion," "Undue Influence," and "Fraud."

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Q. Which of the following does NOT fall under the categories of "Coercion," "Undue Influence," "Fraud," or "Mistake" in contract law?
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