Economic Duress

Question 1

When does economic duress occur?

Answer 1

Where there is a threat to a person’s financial situation.

Question 2

How did Lord Kerr in the siboen and the sibotre describe economic duress?

Answer 2

such a degree of coercion that the other party was deprived of his free consent and agreement

Question 3

Rules of economic duress, used when needed: 1

Answer 3

Courts will take into account whether the injured party protested, whether there was an alternative route available or whether they took steps to avoid it

Question 4

Rules of economic duress, used when needed: 2

Answer 4

Threats by a union to blacklist a ship were decided to be economic duress - Universal Sentinel

Question 5

Rules of economic duress, used when needed: 3

Answer 5

A threat to a small firm by a larger firm that they would breach a contract can be economic duress

Question 6

Remedies for economic duress

Answer 6

Will make a contract voidable