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15. Duress or Undue Influence Olaf wishes to hold his investment seminar at a local...

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Accounting

15. Duress or Undue Influence Olaf wishes to hold his investment seminar at a local hotel. He offers $ 50,000 for conference rooms and food for a week. The hotel responds that this price is far too low. Olaf tells the hotel that if it does not agree to his price, Olaf will tell his employees to write hundreds of negative reviews on a hotel rating site and destroy the hotel's reputation. If the hotel agrees to Olaf's terms, may it avoid the contract under the doctrine of duress?

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