37. undue influence is generally considered to be:

(a) where one party nags the other party into entering a contract
(b) where one party dominates the other and the latter’s volition actually is destroyed
(c) one party threatens to bring shame on the latter party
(d) none of the above

38. the statute of frauds requires all of the following types
of contracts to be in writing except for contracts:

(a) to be liable for another person’s debts
(b) involving title to real property
(c) for the sale of goods priced at $500 or more
(d) that can possibly be performed within one year from the date it is made

Wo firms, a and b, each currently dump 50 tons of chemicals into the local river. the government has decided to reduce the pollution and from now on will require a pollution permit for each ton of pollution dumped into the river. it costs firm a $100 for each ton of pollution that it eliminates before it reaches the river, and it costs firm b $50 for each ton of pollution that it eliminates before it reaches the river. the government gives each firm 20 pollution permits. government officials are not sure whether to allow the firms to buy or sell the pollution permits to each other. what is the total cost of reducing pollution if firms are not allowed to buy and sell pollution permits from each other? what is the total cost of reducing pollution if the firms are allowed to buy and sell permits from each other? a. $3,000; $1,500 b. $4,500; $3,500 c. $4,500; $4,000 d. $4,500; $2,500