Asked by Jeremy Quinonez on May 07, 2024

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Business compulsion is another term for:

A) fraud.
B) undue influence.
C) fraudulent misrepresentation.
D) economic duress.

Economic Duress

A situation where one party is forced into a contract or agreement under the pressure of financial hardships, often exploiting that party’s vulnerable position.

Business Compulsion

A scenario where a business is forced to make a decision or take an action due to external pressures or unavoidable circumstances.

Fraud

Involves intentionally deceiving someone for personal gain or to damage another individual.

  • Identify the effects of overpowering influence and compulsion on contracts within the legal framework.
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Claudia CastleberryMay 13, 2024
Final Answer :
D
Explanation :
Economic duress,or business compulsion,are terms commonly used to describe situations in which one person induces the formation or modification of a contract by threatening another person's economic interests.