Question
Stacy Bike Parts is an importer of parts that are used to manufacture mountain bikes.Stacy Bike Parts has a contract to supply Bike Manufacturer with
Stacy Bike Parts is an importer of parts that are used to manufacture mountain bikes.Stacy Bike Parts has a contract to supply Bike Manufacturer with specifically manufactured stainless steel brakes for the 2016 season.Bike Manufacturer's president, Sandra, was in constant anxiety about not receiving the parts in time to meet her retailer's deadlines.
Near the absolute deadline for meeting orders for the 2016 season, Stacy Bike Parts called Sandra and said, "I've got the parts in, but I'm not sure I'll be able to send them to you today.My delivery driver is sick today.On a side note, I'm working on next year's contracts (2017), and you have not signed yours yet.Let me know what you want to act about that by next week.In next year's contract (2017), Stacy Bike Parts increased the cost of parts by 38 percent.
Sandra signed the contract with Stacy Bike Parts.Later, Sandra found another supplier.Sandra gave notice to Stacy Bike Parts that the contract was voidable due to economic duress, and Sandra was electing to terminate the contract.
If Stacy Bike Parts brought a breach of contract suit against Bike Manufacture.Would the defense of economic duress apply here?Discuss.
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