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Question 23 012 pts William is Kate’s real estate attorney. Kate is elderly but does not suffer from dementia or mental illness. William drafts a contract for sale of Kate’s home to William’s friend Harry for less than fair market value of the house. Kate is very reluctant to execute the contract but after much persistent urging by William eventually signs the deed to Harry. Is there potential defect in the bargain for the sale of the house? Yes, Kate lacks the legal capacity to enter into the contract Yes, William’s fiduciary relationship with Kate creates the potential for undue influence Yes, William’s actions may constitute economic duress Yes, the sale for less than fair market value constitute an unconscionable bargain
 
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