The most accurate statement regarding economic duress is:
A) it is never grounds for rescission.
B) it is always grounds for rescission.
C) it is a UCC concept only.
D) it may be grounds for rescission.

Question

Quizplus · Accepted Answer

Economic duress may be grounds for rescission if it involves a wrongful or coercive act that deprived a party of its free will and left them with no reasonable alternative but to agree to the contract. It is not always clear-cut and depends on the specific facts of the case. It is recognized as a common law doctrine in many jurisdictions, not just under the UCC. Therefore, option A, B, and C are incorrect.

The Most Accurate Statement Regarding Economic Duress Is