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Freedom from coercion requires that:
Instrument
An instrument in legal and financial contexts refers to a formal document that records a legal right, obligation, or transaction, such as a contract, will, promissory note, or security.
Obligations
Duties or responsibilities enforced by law, contract, or social norms that one party owes to another.
Secondary Parties
Individuals or entities that are indirectly involved in an agreement, transaction, or process, differing from the primary parties who are directly engaged.
Indorsers
Parties who sign a negotiable instrument, such as a check or promissory note, over to someone else, thus transferring their rights related to the instrument.
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