The market went down recently and my company is now in financial duress.

Mid-authenticate, pass the duress word, activate duress alarm.

There are 3 classes of duress.

1. Duress to person

2. Duress to property

3. Economic Duress

Contracts under into under duress to property and economic duress are voidable. Hence the injured party can choose to rescind the contract or affirm it.

But for contracts entered into under duress to person, the contract is void at the start. It is treated as though there is no contract.

duress means when you are under pressure in any case and some one apply pressure to accept the offense which you are not committed. this is duress

There is no other name for duress. Duress is the legal term in contract law. However, when the term is explained, it is explained as a form of coercion. Duress is often difficult to use a defense. To prove duress, you have to show that you were threatened into signing a contract. For instance, if your boss gave you a contract and told you that if you did not sign it that in turn you would be fired, then you could claim duress.