Nixon v. Leitman

Abraham N. (teller, J.

This action, tried by the court without a jury, is for breach of agreement confirmed in a letter signed by defendant agreeing to pay plaintiff ‘£ $35,000 or seven per cent (7%), whichever is lower, I or my companies receive ” from the closing of a certain transaction. The only issue in the case is defendant’s affirmative defense that the execution of this letter was obtained by economic coercion and duress ££ in that said plaintiff threatened that unless defendant signed said agreement, he would renege on a prior agreement and upset an impending sale of a valuable…