Legal Opinion
American Car & Foundry Co. v. East Jordan Furnace Co.
Court of Appeals for the Seventh Circuit
Decided April 26, 1921No. 2869PublishedCited by 2 opinions
In Error to the District Court of the United States for the Eastern Division of the Northern District of Illinois. Action by the East Jordan Furnace Company against the American Car & Foundry Company. Judgment for plaintiff, and defendant brings error.»
1Opinion of the Court
ARSCHUEER, Circuit Judge.
The action was upon a contract whereunder plaintiff in error, Car Company, agreed to buy, and defendant in error, Furnace Company, agreed to sell for the term of 10 years from December 4, 1909, the Furnace Company’s entire output of standard Rake Superior charcoal pig iron up to 25,000 tons per annum. It was specified that the price for the iron shipped in any calendar month shall be determined as follows:
“Tlie average market price per ton of Standard Lake Superior charcoal pig iron, Chicago delivery, during each month, shall be first ascertained. The market price…
2Cases cited1 opinion
- Virginia v. West VirginiaSupreme Court of the United States · 1915
3Cited by2 opinions
- Provident Trust Co. v. Equitable Life Assurance SocietySupreme Court of Pennsylvania · 1934
- Barnsdall Refineries, Inc. v. Birnamwood Oil Co.Court of Appeals for the Seventh Circuit · 1936