A What Are the Two Types of Duress and What

question 25

Essay

a. What are the two types of duress and what is the effect of each on the contract involved?
b. Give an example of each type of duress.
c. Who does the law intend to protect by reason of the defense of duress? Why does the law protect this type of person?

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Definitions:

Inventory Period

The average time it takes for inventory to be sold and replaced during a given period.

Cash Disbursement

The payment of cash from a business or individual to settle obligations.

Cash Collection

The process of receiving and processing payments from customers or clients for goods or services rendered.

Restrictive Covenant

Clauses in contracts that restrict or limit one party from engaging in certain activities, often to protect business interests or property value.