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Vitiating Factors

Economic Duress

  • 3 things to know
  • Paper 3

Overview

Recall questions on what economic duress is, the pressure required, the victim's position and the effect on their decision.

What you need to know

Answer each one before you reveal it.

Your recallNot started
Key term

What is economic duress?

Key term

What causal requirement must be satisfied for economic duress?

Key term

Is a contract affected by economic duress void or voidable?

Questions from this subtopic

Each one with the model answer underneath.

  1. 1

    What is the first element required to establish economic duress?

    Model answer

    There must be illegitimate pressure or a threat.

  2. 2

    Why must the pressure be a significant cause in a claim of economic duress?

    Model answer

    Because the claimant must show that the illegitimate pressure was a significant factor inducing them to enter the contract.

  3. 3

    What role does the availability of alternatives play in establishing economic duress?

    Model answer

    The claimant must show they had no reasonable practical alternative but to submit to the pressure.

  4. 4

    What types of conduct typically constitute illegitimate pressure in economic duress?

    Model answer

    A threat to breach an existing contract or other unlawful conduct.

  5. 5

    What happens to benefits conferred under a contract that is rescinded for economic duress?

    Model answer

    Restitution of benefits conferred may be claimed following rescission.

  6. 6

    What is economic duress?

    Model answer

    Illegitimate pressure exerted by one party that leaves the other with no practical alternative but to agree to the contract or variation.

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