Glade Mountain Corp. v. Reconstruction Finance Corp.

GOODRICH, Circuit Judge.

" This case involves the application of the Contract Settlement Act of 1944. 1 The plaintiff, Glade Mountain Corporation, hereafter called Glade, appeals from the granting of defendant’s motion for summary judgment and claims that a substantial issue of fact was presented.

Glade sued the Reconstruction Finance Corporation after having exhausted its administrative remedy as required by Monolith Portland Midwest Co. v. R.F.C., 9 Cir., 1949, 178 F.2d 854. The contract sued on was made with Metals Reserve Company (MRC) predecessor of RFC. The contract was dated July 26,…