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American Mechanical v. Union Machine
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| American Mechanical v. Union Machine | |
| Court | Massachusetts Appeals Court |
|---|---|
| Citation | |
| Date decided | November 18, 1985 |
Facts
In October 1976, American Mechanical Corporation ("American") contracted to sell its real estate & business equipment to Union Machine Company of Lynn, Incorporated ("Union") for $135,000.
At the time of the transaction, "Union" knew that "American" was under financial pressure. Union gave American a $5,000 check to be held in escrow.Case Text Links
