Consider the Following Two Statements with Respects to Economic Duress

question 5

Multiple Choice

Consider the following two statements with respects to economic duress.
I.A contract cannot be set aside for duress if the threatening party acted in good faith or if the resulting renegotiation is fair or beneficial to the victim.
II.A contract can be set aside for duress, although the threatening party was merely correcting an unfair contract.
Which of the following statements is true?

• A) Both I and II.
• B) Only I.
• C) Only II.
• D) Neither I nor II.