Greater Valley Terminal Corp. v. Goodman

Opinion by

Mr. Justice Cohen,

ABC Federal Oil & Burner Co. (ABC) owed substantial debts to Greater Yalley Terminal Corporation (plaintiff) and P. J. Goodman (defendant) for. unpaid oil deliveries. Plaintiff was exerting pressure upon ABC for payment and had refused to sell any more oil to that firm unless paid for on delivery and unless the past debt was .liquidated.

Defendant recognized that if plaintiff proceeded to enforce collection of the debt owed plaintiff by ABC, ABC would not be able to pay and its credit position would be so endangered that it would be forced to discontinue operations.…