Contracts
What is 'duress' in the context of Idaho real estate contract formation?
APressure from market conditions to sell
BUnlawful pressure or threats that overcome a party's free will, making the contract voidable✓ Correct
CThe stress of making a large financial decision
DPressure from a real estate agent to accept an offer
Explanation
Duress is unlawful coercion that overcomes a party's free will to enter a contract. A contract signed under duress is voidable by the party who was coerced, as their consent was not truly voluntary.
Related Idaho Contracts Questions
- A buyer makes an offer with an earnest money deposit of $10,000. The contract includes a liquidated damages clause. If the buyer defaults after all contingencies are removed, the seller can:
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