Explain whether the following statement is true: “Duress is an unlawful threat of harm or injury made by one contracting party or someone acting for that party and which causes the other party to enter into the contract. It results in no consensus between the parties and a void contract.”

Explain whether the following statement is true: “Duress is an unlawful threat of harm or injury made by one contracting party or someone acting for that party and which causes the other party to enter into the contract. It results in no consensus between the parties and a void contract.”

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter4: Professional Legal Liability

Section: Chapter Questions

Problem 7CYBK

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Question

Explain whether the following statement is true:

“Duress is an unlawful threat of harm or injury made by one contracting party or someone acting for that
party and which causes the other party to enter into the contract. It results in no consensus between
the parties and a void contract.”

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