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Mary threatens Doug with a $50,000 civil lawsuit unless Doug agrees to a settlement of...

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Finance

Mary threatens Doug with a $50,000 civil lawsuit unless Doug agrees to a settlement of their dispute. Doug argees to a settlement of $25,000. Doug can rescind the settlement agreement because he was under duress at the time. True False 4 points QUESTION 7 "In consideration for you having helped me when I was unconscious, I will give you $100.00." This is a binding promise because there is legally sufficient consideration. True False 4 points QUESTION 8 A minor's right to disaffirm a contract must be exercised while he is still a minor. True False 4 points QUESTION 9 Many sold his auto repair business for $300,000.00, a portion of which represented the fee for the goodwill he acquired over the years. Manny agreed not to compete with the purchaser or open a similar business in New York State for the next 5 years. This covenant in the contract is enforceable. True False

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