Krossa v. All Alaskan Seafoods, Inc.

OPINION

FABE, Chief Justice.

I. INTRODUCTION

John Krossa signed a contract with All Alaskan Seafoods to fish for crab in exchange for a percentage of the "gross receipts" from the excursion. After about a week fishing in Russian waters, he learned that due to the unusual structure of All Alaskan's business venture, the boat on which he fished would not sell the crab or receive "gross receipts" in the conventional sense. Rather, All Alaskan calculated crew shares based on a complicated formula using a fixed price per pound of crab caught. Krossa fulfilled the remainder of the contract and…