________ is the coercion of the borrower by threatening to do an unlawful act that might injure the borrower's business or property.

Question

Quizplus · Accepted Answer

Economic duress is when a creditor coerces a debtor to enter a contract or modify a contract by threatening to do an unlawful act, which might injure the debtor's business or property. It is a type of undue influence and can make the contract voidable. Financial blackmail and monetary extortion are similar concepts but may involve different tactics or circumstances.

________ Is the Coercion of the Borrower by Threatening to Do