Which of the following is involved in a situation in which a person refuses to perform according to a contract unless the other person either signs another contract with the one making the threat or pays that person a higher price than was specified in the original agreement?
A)Contractual duress
B)Specific duress
C)Negligent duress
D)Fraudulent duress
E)Economic duress

Question

Quizplus · Accepted Answer

A)Economic duress occurs when one party threatens the other's economic interests.
For instance,a person refuses to perform according to a contract unless the other person either signs another contract with the one making the threat or pays that person a higher price than specified in the original agreement.
B)Economic duress occurs when one party threatens the other's economic interests.For instance,a person refuses to perform according to a contract unless the other person either signs another contract with the one making the threat or pays that person a higher price than specified in the original agreement.

Which of the Following Is Involved in a Situation in Which