Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bell v. Levy. John Bell is a Canadian businessman who advanced the sum of $250,000 to another businessman named David Levy. The money was to

Bell v. Levy. John Bell is a Canadian businessman who advanced the sum of $250,000 to another businessman named David Levy. The money was to be used for investment in gaming and casino projects in Asia. Shortly after the funds were advanced, the gaming industry in Asia took a downturn and Mr. Bell and Mr. Levy entered into negotiations to repay the money advanced. At the completion of the negotiation, the parties signed a contract in which Mr. Levy agreed to repay the full amount of $250,000 to Mr. Bell. A few months after the contract was signed, Mr. Levy stopped repaying Mr. Bell and launched a court action seeking to have the contract overturned due to economic duress. Specifically, Mr. Levy claimed that during the contract negotiations, Mr. Bell said that if he did not sign the contract he would "report his family members to the tax authorities" and that he would "bad mouth Levy to their mutual business contracts and to Canadian government officials in Ottawa."o you believe a case for economic duress is made here? Why or why not? What do you think the line is between economic duress and hard bargaining

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Foundations of Marketing

Authors: William M. Pride, O. C. Ferrell

3rd Edition

618973370, 547154569, 9780618973378, 978-0547154565

Students also viewed these Law questions