economic Duress Flashcards
1
Q
What is economic duress
A
Occurs when one party was forced into a contract because of economic pressure providing it is substantially illegitimate
2
Q
What are the 5 conditions of econ duress
A
-Pressure must be exerted
-Pressure must be illegitimate
-Claimaint had no choice
-Pressure induced
-Claimant protested at the time or shortly after
3
Q
Whats the case for the pressure must be exerted rule
A
North ocean shipping v hyundai
4
Q
What case shows pressure exerted is illegitimate
A
Atlas express v kafco
5
Q
What case supports pressure must induce
A
Barton v armstrong
6
Q
What case supports claimant had no choice condition
A
Universe tankship v international transport
7
Q
What case supports claimant protested at the time or shortly after condition
A
The atlantic baron
