Respuesta :
It is true that economic duress arises when a person signs a contract under pressure due to challenging financial circumstances that are not the other party's fault.
What is meant by economic duress?
the defense of economic duress, also referred to as a business compulsion, and also: wrongdoing or illegal activity that instills dread of financial hardship and prohibits the exercise of free will in engaging in a business transaction.
Few Illustrations of Duress:
- A person being forced to exceed the posted speed limit while being held at gunpoint;
- A person being forced to rob someone or steal anything from a business while being held at knifepoint;
- Warning someone you'll hit them if they don't do something wrong
The complete question is:
Economic duress exists when a person agrees to a contract because of difficult financial circumstances that are not the fault of the other party. T/F
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