Nat'l Oil Ref. & Mfg. Co. v. Producers Ref. Co.

Plaintiff and defendant entered into a contract, by the terms of which the latter agreed to supply the former with all of the crude oil required to keep the former’s refinery running to its full capacity from January 29 to December 31, 1907. The full capacity was understood to be the capacity of this refinery on January 29th. The defendant was to sell this oil at a stipulated price, and in turn was to purchase from the plaintiff the products of the refinery, these products- being the distillates and the asphaltum residuum. This action was brought laying damages for defendant’s breach of this…