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Mahesh (none)     10 August 2012

Legal term for putting other party in financial disadvantage

Hi,

What is the exact legal term for an act that puts the opposite party in financial disadvantage for ulterior reasons? Consider the following scenario

"Party A and Party B enter into a contract whereby Party A is to supply certain services to Party B for monetary consideration. Party B during the course of the contract observes certain deficiencies in service in as much as the service is not compliant to the regulatory standards. Party B complains to the authorities resulting in some action from regulators against Party A. Party A in order to pressurise Party B into withdrawing its complaint breaches the contract entered into earlier. Party A is in dare financial stress due to the breach of contract"

What is the legal term for Party A's deliberate malicious act of putting Party B at financial disadvantage? Thanks Mahesh



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