BUSINESS ADMINISTRATION
BUSINESS LAW
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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duress
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fraud
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undue influence
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innocent representation
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Detailed explanation-1: -Actionable or legal duress only occurs when one party uses an improper threat or act to obtain an expression of agreement. The resulting contract is voidable . Much of the law of duress focuses on the nature of the threat.
Detailed explanation-2: -Duress consists of either an improper act or threat that induces the victim to make an unwanted contract. Such contracts are voidable by the victim.
Detailed explanation-3: -Duress refers to the act of using threats or psychological pressure to force someone to behave in a way that is contrary to their wishes. In contract law, duress is used as a form of defense to a crime where the defendant uses threats to force the plaintiff to commit a crime that is against their wishes.
Detailed explanation-4: -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.