Asked by Jeremy Quinonez on May 07, 2024
Verified
Business compulsion is another term for:
A) fraud.
B) undue influence.
C) fraudulent misrepresentation.
D) economic duress.
Economic Duress
A situation where one party is forced into a contract or agreement under the pressure of financial hardships, often exploiting that party’s vulnerable position.
Business Compulsion
A scenario where a business is forced to make a decision or take an action due to external pressures or unavoidable circumstances.
Fraud
Involves intentionally deceiving someone for personal gain or to damage another individual.
- Identify the effects of overpowering influence and compulsion on contracts within the legal framework.
Verified Answer
CC
Claudia CastleberryMay 13, 2024
Final Answer :
D
Explanation :
Economic duress,or business compulsion,are terms commonly used to describe situations in which one person induces the formation or modification of a contract by threatening another person's economic interests.
Learning Objectives
- Identify the effects of overpowering influence and compulsion on contracts within the legal framework.