Austin Instrument, Inc. v. Loral Corporation
Court of Appeals of New York, 1971
272 N.E.2d 553
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Brief Fact Summary
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Rule of Law and Holding
Court finds for Defendant under the theory of economic duress. To recover under economic duress a claimant must establishment three elements: 1) threat of wrongful breach of contract; 2) threatened party cannot obtain goods elsewhere; and 3) ordinary remedy under breach of contract would be inadequate.
Topics
Policing the Bargain
Subtopics
Overreaching: Conventional Controls