Business Law 5th Edition by David Twomey ,Marianne Jennings ,Stephanie Greene

Exercise 3

High-Tech Collieries borrowed money from Holland. High-Tech later refused to be bound by the loan contract, claiming the contract was not binding because it had been obtained by duress. The evidence showed that the offer to make the loan was made on a take-it-or-leave-it basis. Was the defense of duress valid [Holland v High-Tech Collieries, Inc., 911 F Supp 1021 (DC WA)]