When Courts Consider Economic Duress,they Consider All the Following Factors

question 39

Multiple Choice

When courts consider economic duress,they consider all the following factors EXCEPT

• A)relative bargaining power.
• B)financial distress.
• C)legitimate business purpose.
• D)relative size of the contract.

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Definitions:

Fully-Amortized

Describes a loan in which all payments will be made on time and in full over the life of the loan, resulting in the complete payoff of the loan amount and interest.

Insurance

A financial product that provides protection against potential future losses or damages.

Financial Leases

Financial leases are long-term leases in which the lessee is responsible for maintenance, taxes, and insurance, essentially treating the leased asset as if it were owned.

Cancellable

Refers to an agreement or financial instrument that can be terminated or voided by either party under predefined conditions.