Andrew's restaurant was experiencing financial problems. His sales were down and he needed help. Andrew requires $20,000 to cover outstanding accounts within three days or face closing the restaurant. His bank refused to increase his line of credit so Andrew went to his accountant for suggestions. The accountant told him he could lend Andrew $20,000 but only if Andrew signed over a 50% interest in the business. In desperation, Andrew agreed. If Andrew wants to have the agreement set aside, which of the following would he rely on?
A)Duress.
B)Mistake
C)Misrepresentation
D)Non est factum
E)Restitution

Question

Quizplus · Accepted Answer

Andrew could argue that he signed the agreement under duress, as he was in a desperate financial situation and felt he had no other choice.

Andrew's Restaurant Was Experiencing Financial Problems