Explain whether the following statement is true: “Duress is an unlawful threat of harm or injury made by one contracting party or someone acting for that party and which causes the other party to enter into the contract. It results in no consensus between the parties and a void contract.”
Explain whether the following statement is true: “Duress is an unlawful threat of harm or injury made by one contracting party or someone acting for that party and which causes the other party to enter into the contract. It results in no consensus between the parties and a void contract.”
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter4: Balance Sheet: Presenting And Analyzing Resources And Financing
Section: Chapter Questions
Problem 5Q
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Question
Explain whether the following statement is true:
“Duress is an unlawful threat of harm or injury made by one contracting party or someone acting for that
party and which causes the other party to enter into the contract. It results in no consensus between
the parties and a void contract.”
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