This article critically examines duress as a doctrine rclied upon by guarantors or surcties to sct aside
contracts of guarantees (the most common types of bank sccurity) they have given with inadcquatc
undcrstanding or informcd consent. The articlc discusscs duress as "a form of coercion or pressure"
which can impair any contractual assent resulting in a guarantcc being vitiated. In gencralterms though,
the defence of duress is concerned mainly with the issue of whether the guarantor was placed under
unacceptable pressure, or under an illegitimate threat. Common law and equitable eonccpts in rcspeet
of duress apply equally to both guarantees and contracts generally. Nevertheless, sincc guarantees
frequently involve persons who have close relationships to each other, there is probably a greater risk
of duress being associated with guarantees than with other kinds of commercial contracts.