Maco, Inc. and Kent contracted for Kent to provide Maco certain consulting services at an hourly…
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Maco, Inc. and Kent contracted for Kent to provide Maco certain consulting services at an hourly rate of $20. Kent’s normal hourly rate was $90 per hour, the fair market value of the services. Kent agreed to the $20 rate because Kent was having serious financial problems. At the time the agreement was negotiated, Maco was aware of Kent’s financial condition and refused to pay more than $20 per hour for Kent’s services. Kent has now sued to rescind the contract with Maco, claiming duress by Maco during the negotiations. Under the circumstances, Kent will Win, because Maco refused to pay the fair market value of Kent’s services. Win, because Maco was aware of Kent’s serious financial problems. Lose, because Maco’s actions did not constitute duress. Lose, because Maco cannot prove that Kent, at the time, had no other offers to provide consulting services.
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Maco, Inc. and Kent contracted for Kent to provide Maco certain consulting services at an hourly… was first posted on June 30, 2020 at 3:51 am.
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Maco, Inc. and Kent contracted for Kent to provide Maco certain consulting services at an hourly… was first posted on June 30, 2020 at 3:55 am.
©2020 "homeworkcrew". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at homeworkcrew.com@gmail.com
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