Consumers Oil Corporation of Trenton, New Jersey, a New Jersey Corporation v. Phillips Petroleum Company, a Delaware Corporation

OPINION OF THE COURT

HASTIE, Circuit Judge.

In this diversity action, Consumers Oil Corporation, a New Jersey jobber, asked the District Court for the District of New Jersey to restrain Phillips Petroleum Co., a national refiner of petroleum products, from terminating the franchise under which Consumers buys gasoline from Phillips for resale. Consumers contends that Phillips’ attempt to terminate the franchise violates the New Jersey Franchise Practices Act, N. J.S.A. 56:10, even though Phillips is acting strictly in accordance with express terms of the contract that created the franchise and…