Which of the following is true if Peter seeks to rescind the contract for the sale of the motorcycle?
A) Peter may rescind the contract on grounds of fraud or on grounds of duress.
B) Peter may rescind the contract on grounds of duress or on grounds of unconscionability.
C) Peter may rescind the contract on grounds of undue influence or on grounds of duress.
D) Peter may rescind the contract on the ground that although he is past the age of majority, he is still a student.
E) Peter may not rescind the contract.

Question

Quizplus · Accepted Answer

Duress occurs when one party is forced into an agreement by the wrongful act of another. Another way to question the appropriateness of consent arises when one of the parties has so much more bargaining power than the other that he or she dictates the terms of the agreement. Such an agreement can be rescinded on grounds of unconscionability.

Which of the Following Is True If Peter Seeks to Rescind