Central Soya Company, Inc. v. Epstein Fisheries, Inc.
Court of Appeals for the Seventh Circuit
1Opinion of the Court
POSNER, Circuit Judge.
This diversity case involves the branch of contract law known as suretyship. The plaintiff, Central Soya Company, Inc., made a contract to sell catfish feed to Aquarium Farms, Inc., and represented that this would be a “complete feed” which would enable the growing of catfish in an aquarium where there would be no natural food. The catfish so grown were destined for the defendant, Epstein Fisheries, Inc. To facilitate this effort to bypass nature, Epstein Fisheries guaranteed Central Soya payment of up to $20,000 for the catfish feed sold to Aquarium Farms. The guaranty…
2Cases cited7 opinions
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- Klaxon Co. v. Stentor Electric Manufacturing Co.Supreme Court of the United States · 1941
- Continental Bank & Trust Co. v. AkwaWisconsin Supreme Court · 1973
- Prompt Elec. Supply Co., Inc. v. Allen-Bradley Co.District Court, E.D. New York · 1980
- Lichter v. FritschWisconsin Supreme Court · 1977
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- Catullo v. MetznerCourt of Appeals for the First Circuit · 1987
- Federal Deposit Insurance Corporation v. Braemoor AssociatesCourt of Appeals for the Seventh Circuit · 1982
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