Torts
Economic duress is a situation where one party is forced to enter into a contract or agreement due to wrongful or unlawful threats that create pressure on their financial situation. This concept involves the coercion of a party's will, typically involving a threat to withhold or manipulate something valuable, such as financial resources, which ultimately impacts their ability to make free and voluntary decisions. Understanding economic duress is crucial as it highlights the balance between consent and coercion in contractual relationships.
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