Where a lender has the right to cut off credit and demand repayment, threats to do so are not wrongful, and therefore not grounds for a claim of economic duress.
No threat to withhold performance of contract.
Interpharm, Inc. v. Wells Fargo Bank, N.A.
Friday, August 26, 2011
Second Circuit -- Interpharm, Inc. v. Wells Fargo Bank, N.A.
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Category tags above are sporadically maintained Do not rely. Do not rely. Do not rely.
Author's SSRN page here.