The Selmer Company v. Blakeslee-Midwest Company: (7th Cir, 1983); CB 422; Notes 51
Economic Duress?
- Facts: contract for erecting prestressed concrete materials supplied by D.
- Claim: due to economic hardship P was forced to take a smaller payment for services.
- Issue: was there economic duress sufficient not to enforce the deal?
- Holding: the mere stress of business conditions will not constitute duress where the defendant was not responsible for the conditions; judgment for D.
- fact that one party had financial difficulty, alone, not enough to set aside agreement under duress
- Ct. says it has not been showed that it was the D’s fault that P was in economic trouble-danger is that you don’t wanna create a universe where every settlement could be reopened afterwards
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