BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Committing an act of violence to obtain a signature on a written contract is duress .
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True
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False
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Explanation:
Detailed explanation-1: -Duress describes the act of using force, false imprisonment, coercion, threats, or psychological pressure to compel someone to act contrary to their wishes or interests.
Detailed explanation-2: -A contract induced by physical duress-threat of bodily harm-is void; a contract induced by improper threats-another type of duress-is voidable. Voidable also are contracts induced by undue influence, where a weak will is overborne by a stronger one.
Detailed explanation-3: -Duress and undue influence essentially means that a person or party has been forced into a contract. The contract cannot be considered to be a valid agreement under these circumstances.
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