Legal Opinion
Fertico Belgium S. A. v. Phosphate Chemicals Export Ass'n
New York Court of Appeals
Decided June 9, 1987PublishedCited by 17 opinions
1Opinion of the Court
OPINION OF THE COURT
Bellacosa, J.
A seller (Phoschem) breached its contract to timely deliver goods to a buyer-trader (Fertico) who properly sought cover (under the Uniform Commercial Code that means acquiring substitute goods) from another source (Unifert) in order to avoid breaching that buyer-trader’s obligation to a third-party buyer (Altawreed). The sole issue involves the applicable principles and computation of damages for breach of the Phoschem-to-Fertico contract.
We hold that under the exceptional circumstances of this case plaintiff Fertico, as a buyer-trader, is entitled to damages…
2Cases cited6 opinions
- Reynolds Securities, Inc. v. Underwriters Bank & Trust Co.New York Court of Appeals · 1978
- Productora E Importadora De Papel v. FlemingMassachusetts Supreme Judicial Court · 1978
- Neri v. Retail Marine Corp.New York Court of Appeals · 1972
- Petroleo Brasileiro, SA, Petro. v. Ameropan Oil Corp.District Court, E.D. New York · 1974
- H. A. Steen Industries, Inc. v. Richer Communications, Inc.Superior Court of Pennsylvania · 1973
1 more not listed; retrieve them via the Exa API.
3Cited by17 opinions
- Medinol Ltd. v. Boston Scientific Corp.District Court, S.D. New York · 2004
- Kgm Harvesting Co. v. Fresth NetworkCalifornia Court of Appeal · 1995
- Precision Pine & Timber, Inc. v. United StatesUnited States Court of Federal Claims · 2006
- Precision Pine & Timber, Inc. v. United StatesUnited States Court of Federal Claims · 2007
- Allied Semi-Conductors International, Ltd. v. Pulsar Components International, Inc.District Court, E.D. New York · 1995
12 more not listed; retrieve them via the Exa API.