Company I entered into a written contract with company N to assemble and install conduits under river R for a price of $149,680. Delays caused by company N forced company I to perform in winter months instead of summer months as originally bid as a result, major change and installation had to be made in the system above specified in the contract. Company N repeatedly assured to pay the additional costs if company I completes the work. The additional cost of company I to complete the work was $811,810.73. But company N signed release and paid only $575, 000 claiming that contract is not binding because it signed it under duress. To discuss: Whether company I is correct.

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Chapter 11, Problem 22CP

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Company I entered into a written contract with company N to assemble and install conduits under river R for a price of $149,680. Delays caused by company N forced company I to perform in winter months instead of summer months as originally bid as a result, major change and installation had to be made in the system above specified in the contract. Company N repeatedly assured to pay the additional costs if company I completes the work. The additional cost of company I to complete the work was $811,810.73. But company N signed release and paid only $575, 000 claiming that contract is not binding because it signed it under duress.

To discuss: Whether company I is correct.

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