ABSTRACT

The true reason contracts got under pressure have come to be condemned is that they cause injury to the contracting party who suffered the constraint. Quite apart from the contract of usury, all regulations that are introduced in industrial law bear witness to the same need. The working of the principle, then, that lies at the foundation of the contract conforming to equity extends beyond the contractual right, and tends to become the basis of the right of property. The injustices inflicted by constraint are, however, not the only ones that may be done in the course of contractual relations. The result of all this is that there are only differences of degree amongst these various layers of morals and that they are in line with one and the same collective consciousness and with one and the same collective sentiment taken at different periods in the development of these.