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Contract Law > Economic Duress > Flashcards

Economic Duress Flashcards

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1
Q

Economic duress

A

When extreme coercion has rendered the contract unviable

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2
Q

5 conditions of duress+cases

A

Pressure exerted (North Ocean Shipping v Hyundai)
Pressure was illegitimate (Atlas Express v Kafco)
Pressure induced claimant to enter contract (Barton v Armstrong
No choice to enter (Universe Tankships v ITWF)
Claimant protested at time/shortly after (NOS v Hyundai)

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3
Q

North Ocean Shipping v Hyundai

A

D threatened not to build ship if not payed extra. C agreed. Pressure was exerted, but he left it 8 months so lost right to recover sum. (Wasn’t shortly after/at time)

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4
Q

Atlas Express v Kafco

A

Pressure illegitimate.

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5
Q

Barton v Armstrong

A

Pressure induced party to contract. Threatened to kill

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6
Q

Universe Tankships v ITWF

A

No choice but to enter. Prevented ship leaving, demanding fee

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