The Legal Structure of the Business Term Paper Example | Topics and Well Written Essays - 1250 words

The Legal Structure of the Business - Term Paper Example apply cigarette set aside the contract under the following defenses against the formation of contracts Duress and undue captivate. In jurisprudence, fetter is referred to as a condition where an individual performs an act due to violence, a threat or every other pressure against the person in question. Duress is the pressure that is exerted on a person to shake him to perform an act that he could non otherwise perform under the ordinary situation. Similarly, coercion employ lures a peerless to act or not in a manner that he would not or act. Duress constitutes going against a persons will, the possibility of legal defense and confession of the commission of an unlawful act Undue influence in jurisprudence is an equitable doctrine where one party takes advantage of its positional power over the other, making free will bargaining impossible. Don can seek presumed undue influence since their relationship with Evan may fal l in the class of relationships, which as a matter of law may facilitate the presumption of undue influence. Failure of this is not the end. The literal undue influence allows an innocent party to set aside the contract, in the absence of presumed undue influence provided there is evidence that the power was imbalanced when signing the contract. Don can seek rescission as a remedy. Rescission is an unbiased remedy that unwinds the contract between the parties. Rescission ensures that the parties to a contract revivify their positions as was before they entered the contract. A person seeking rescission must, therefore, agree to return all the benefits that he or she has received from the contract.The furniture, in this case, is not treated as part of the sales. This is pursuant to the ejection clause. An exclusion clause is an expression in a contract that seeks to restrict the rights of the parties involved in the contract. The exclusion clause can only operate if the terms ar e incorporated in the contract by signature, as in this case, either by notice or by previous course of dealings.