What are the three factors that would render an instrument voidable?

The correct identification of the factors that render an instrument voidable is essential for understanding how certain circumstances can affect the legality and enforceability of a contract or legal document.

Fraud involves intentionally deceiving a party to obtain an unfair advantage or induce them to enter into an agreement. When fraud is present, the misled party may choose to void the agreement since it was entered into based on false information.

Duress refers to situations where a party is forced or coerced into entering a contract under threat or harm. When duress is established, the party that was forced to agree can render the contract voidable due to the lack of genuine consent.

Forgery involves the unauthorized alteration or creation of a document meant to deceive others. If a document has been forged, the affected party can declare the instrument voidable since it does not genuinely reflect their intent or agreement.

In this context, the inclusion of fraud and duress, along with forgery, highlights the significant legal principles governing the enforceability of agreements. Other options mention error or mistake, yet these concepts do not consistently align with the primary factors recognized under common legal understanding for voidability. Understanding these specific factors is critical not only from a legal perspective but also for practical implications in lease and title analysis within