BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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fraudulent interest
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duress
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undue influence
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injunction
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Detailed explanation-1: -"Undue influence” defined (1) A contract is said to be induced by “undue influence” where the relations subsisting between the parties are such that one of the parties is in a position to dominate the will of the other and uses that position to obtain an unfair advantage over the other.
Detailed explanation-2: -A business can coerce a partner business into a contract using false promises, misleading information, fake statistics, fraud claims, threats or more.
Detailed explanation-3: -(a) A having advanced money to his son, B, during his minority, upon B’s coming of age obtains, by misuse of parental influence, a bond from B for a greater amount than the sum due in respect of the advance. A employs undue influence.
Detailed explanation-4: —When consent to an agreement is caused by undue influence, the agreement is a contract voidable at the option of the party whose consent was so caused.