W.K.T. Distributing Company v. Sharp Electronics Corporation

FAGG, Circuit Judge.

Sharp Electronics Corporation appeals from a $300,000 compensatory damage award entered in favor of W.K.T. Distributing Company. Sharp argues that W.K.T. failed to prove its case under any of the theories — breach of contract, breach of fiduciary duty, and fraud — upon which the district court awarded judgment.

We find that the district court committed error in assessing the damages recoverable by W.K.T. under a breach of contract theory. Because the district court did not view the parties’ contract as one terminable at will, it failed to evaluate W.K.T.’s entitlement to…