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19 June, 14:30

Mona is induced by her guardian Newt to sign a contract to invest her student loan funds in OptiBank through Newt's investment firm. Unknown to Mona, Newt realizes a commission from the investment. Most likely, Mona may rescind the contract on the basis of:

A. ​ undue influence.

B. ​ fraud.

C. ​ mistake.

D. ​ duress.

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Answers (1)
  1. 19 June, 16:49
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    A. Undue influence

    Explanation:

    Undue influence in law of contract is when a person uses his or her position of power to take advantage over another person. It is an act of influencing the other party in a contractual relationship. There must be a relationship between both parties before undue influence can take place.

    In law of contract, if a person is a victim of undue influence, the person has the right to rescind the contract provided same can be proven in a court of law.

    Example of undue influence is when a person is not given parts of properties due to him or her in a family's will, whereas he or she is entitled to it.
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Home » Business » Mona is induced by her guardian Newt to sign a contract to invest her student loan funds in OptiBank through Newt's investment firm. Unknown to Mona, Newt realizes a commission from the investment.
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