Yingling Aircraft, Inc. v. Budde

DOYLE, District Judge.

A recovery herein is sought on three promissory notes made payable to plaintiff, which were executed October 1,1958, by defendant. These have a total value of $10,500.00 and represent part of a group of renewal notes, some of which have not yet matured. Defendant does not deny the execution of the notes but contends that the original transaction giving rise to the signing of the present renewal notes was tainted by economic duress or business compulsion, that by reason of this fact the present instruments are not enforceable.

The plaintiff has moved for summary judgment…