When coercion and duress are applied against one party in a contract, the contract is considered?

When coercion and duress are applied against one party in a contract, the contract is considered voidable. This means that the affected party has the right to choose whether to enforce the contract or to void it. Coercion and duress involve applying pressure or threats that undermine a party's ability to enter into the agreement freely and willingly. Because of this lack of free will, the contract does not have the same legal standing as a valid or enforceable contract, which requires mutual consent.

A valid contract exists when all parties enter into it voluntarily and understand its terms, while a void contract is treated as if it never existed due to a fundamental issue, such as illegality. Enforceability refers to the ability to compel performance of the contract in a court of law, which is not possible when one party was coerced or under duress. Thus, the correct classification of a contract under these circumstances is voidable, allowing the injured party the option to affirm or reject the contract.