Business Law Seminar 6 - Duress, Undue influence

What is the effect of duress on a contract?

• Renders it void

• Renders it voidable

• Has no effect

• Makes it legally binding

Which types of duress are recognized by law?

• Physical only

• Economic only

• Physical and economic

• None of the above

What is required to establish economic duress? Choose all that apply

• Threat of physical harm

• Illegitimate pressure

• Promise of financial gain

• All of the above

Under what condition can a contract be considered voidable due to undue influence? Choose the best answer.

• Presence of a formal contract

• Relationship of trust and confidence

• FInancial disadvantage only

• Public policy violation

Which of the following is NOT a type of relationship giving rise to a presumption of a relationship of trust and confidence?

• Solicitor-client

• employer-employee

• parent-child

• Religious adviser-disciple

Which is a legitimate interest an employer may protect through a restraint of trade clause?

• Protecting employer from competition with former employee

• Employee's personal skills

• Trade secrets

• General knowledge of the industry

How does the doctrine of severance apply to illegal contracts?

• Renders the entire contract void

• Allows partial enforcement

• Does not apply

• Makes the contract voidable

What factors are considered in determining the reasonableness of a restraint of trade clause?

• Duration and geography only

• The parties interests and public interests

• The nature of the business

• All of the above

Did you do your readings?

• But of course!!!

• Forgot

• Chinese New Year bro

• Yes, but only some