Which of the following is the MOST accurate statement regarding economic duress?
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 is a situation where a party is forced into a contract due to financial pressure or threats of economic harm. It may be grounds for rescission, but this depends on the specific circumstances of the situation. It is not a UCC concept only, and therefore, options A and C are incorrect. Option B is too broad and does not accurately reflect the legal application of economic duress in contract law.

Which of the Following Is the MOST Accurate Statement Regarding