Jack really needs money to pay off his mortgage before the bank forecloses.He goes to "Shark" who agrees to lend Jack the money if Jack will pay 100 percent interest.This is an example of undue influence.

Question

Quizplus · Accepted Answer

Undue influence refers to a situation where one party uses their power, trust, or authority to influence another party to enter into a contract on disadvantageous terms. In this case, Shark is taking advantage of Jack's desperate situation by charging him 100 percent interest, which is an unreasonable and exploitative condition.

Jack Really Needs Money to Pay Off His Mortgage Before