Southland Steel Co. v. War Contracts Price Adjustment Board

Southland Steel Co. is the trade name of an unincorporated business conducted by petitioner Agnes Gillespie. The Southland Steel Co. was a subcontractor of a corporation whose majority stock was owned by Agnes Gillespie's half-brothers. Agnes Gillespie was also a minority stockholder, director and vice president of the corporation at the time she received the subcontract, owning about 4 per cent of the corporation's stock, and the business dealings between the petitioner and the corporation were based on informal oral agreements. Held, under the facts that petitioner was not under the control…