Economic Duress

Question 1

What is economic duress defined as

Answer 1

Economic duress is where the illegitimate pressure that compelles D to the contract

Question 2

What’s the 2 parts of the structure

Answer 2

Illegitimate pressure
Compelled to contract

Question 3

CTN v Gallagher

Answer 3

If the pressure was just ordinary commercial pressure, this cannot be economic duress

Question 4

Atlas express v kafco

Answer 4

Illegitimate pressure needs to be threatening to breach a contract or commit an illegal act

Question 5

William v Rofey

Answer 5

A mere indication that a contract may not be able to be completed is not illegitimate pressure

Question 6

Universe sentinel

Answer 6

Illegitimate pressure if there’s force

Question 7

Pao on

Answer 7

Gives us test for completed the contract
1. They protested about the pressure
2. There’s was no other practical actions that could’ve been taken
3. Not independently advised
4. Was there a delay in suing

Question 8

Atlas v kafco

Answer 8

Succeeded

Question 9

The Atlantic baron

Answer 9

Failed