THE EFFECTS OF ECONOMIC DURESS ON THE CONTRACT VALIDITY

THE EFFECTS OF ECONOMIC DURESS ON THE CONTRACT
VALIDITY
Dr. Sarika R. Dakhane
Assistant Professor, Dr. Ambedkar College of Arts, Commerce and Science, Gadchiroli,
Maharashtra, India.
Abstract
One of the most important aspects of a legal contract is free consent. Normally, the contract is void
until this consent is revoked. Consent can be revoked by force. Penalty simply refers to the use of
force or pressure to induce a party to reach an agreement. Coercion was formerly restricted to
existing or threatening conflict. The theory has evolved through time to include products,
government coercion, and economic limits. Economic complications are one of the most recent
types of problems for which a complaint has options. However, proving this form of compulsion
is challenging. The purpose of this study is to look at Economic Duress and How It Affects
Contract Validity. The necessary data is gathered from a variety of secondary sources, including
law journals, newspapers, and other web databases. After conducting a thorough investigation, it
was discovered that economic involvement is not simple nor easy; economic manipulation is
sophisticated and, at times, devious by design. More ominous would be cases in which a coercive
perpetrator wishes to employ his threat after making a carefully considered choice of companions.
Keywords: Economic, Duress, Validity, Contract, Economic complications.