Fram Corp. v. Davis

This is an appeal from a judgment of the Superior Court awarding the plaintiff, Fram Corporation, $3,505.50 in a civil action arising out of a dispute over the cancellation by the plaintiff of a contract to hire a schooner named “Bill of Rights” (the schooner) owned by the defendant, Inter-Island Vessel Company, Inc.

In February 1974, plaintiff, through its agents, contracted with defendant’s agent, Joseph M. Davis, Jr., to reserve the schooner for the period September 16 to 18, 1974 during the America’s Cup yacht races. The contract contained the following cancellation clause: “Cancellation…