Atlantic Gulf Oil Corp. v. United States

The plaintiff, a Virginia corporation, is engaged in producing oil and selling petroleum and its products. The cause of action relied upon for judgment in this' case is predicated upon the breach of an express contract. Plaintiff, ,in August, 1920, submitted to the United States Shipping Board a proposal to supply during the calendar year 1921, 9,000,000 barrels of crude and 6,000,000 barrels of fuel oil. The plaintiff’s offer was accepted by the board on August 19, 1920, and a formal written contract as of that date was duly executed by the parties. The contract provided for the sale to the…