Nissho-Iwai Co., Ltd. v. Occidental Crude Sales, Inc.
Court of Appeals for the Fifth Circuit
1Opinion of the Court
GOLDBERG, Circuit Judge:
This diversity action involves a contract dispute between the Nissho-Iwai Company, Ltd. (“Nissho”) and Occidental Crude Sales, Inc. (“Occidental”). Occidental appeals from a jury verdict awarding Nissho contract damages and fraud damages arising from Occidental’s failure to perform a crude oil agreement. We hold that there was no reversible error in the finding that Occidental was liable for breach of contract. We reverse the damage award, however, and remand for a new trial limited to determining contract damages. Finally, we reverse the fraud verdict.
FACTS
Nissho is a…
2Cases cited46 opinions
- The Boeing Company v. Daniel C. ShipmanCourt of Appeals for the Fifth Circuit · 1969
- Banco Nacional De Cuba v. SabbatinoSupreme Court of the United States · 1964
- Gasoline Products Co. v. Champlin Refining Co.Supreme Court of the United States · 1931
- Farmer v. Arabian American Oil Co.Supreme Court of the United States · 1964
- Roth Steel Products, and Toledo Steel Tube Company, Cross-Appellants v. Sharon Steel Corporation, Cross-AppelleeCourt of Appeals for the Sixth Circuit · 1983
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