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In contract law, both parties in a transaction are expected to engage voluntarily. The term "voluntary" aims to negate two main factors that can undermine agreement: duress and mistake. Duress occurs when someone is forced into an agreement, such as under threat, which ifies the transaction. Legal systems universally recognize the importance of respecting property rights, with duress rules serving to protect them. The more complex issue arises from mistakes made without coercion, which can also affect the validity of an agreement. This summary highlights the legal principles surrounding voluntary transactions, emphasizing the implications of duress and mistakes in contract law.
