Warden v. Marshall

This case, when reduced to its substance, amounts to this:

The plaintiff had made a contract with the defendant to sell him two hundred and fifty barrels of oil, of a certain quality, at an agreed price, to be delivered at a bonded warehouse in Philadelphia during the month of November 1866, at buyer’s option on ten days’ notice within the month. The plaintiff had the requisite quantity of such oil ready for delivery in a bonded warehouse in Philadelphia. The market price of oil having fallen, the defendant, about the 20th of November, employed some brokers to sell the oil for him at a fixed…