Olympics Inc. knows that Ray-Duke Construction is on the edge of possible bankruptcy and desperately needs money to meet its payroll next week. Olympics owes Ray-Duke $100,000 for construction work. Olympics says to Ray-Duke, Take $50,000 in full settlement or sue us. It will be two years before you get a judgement in court." Ray-Duke accepts because it can't wait two years. What remedy, if any, does Ray-Duke have to get the other half of the money from Olympics?

Question

Quizplus · Accepted Answer

Ray-Duke may have a remedy under economic duress because Olympics Inc. used Ray-Duke's financial vulnerability to pressure them into accepting less money than they were owed.