North & Judd Manufacturing Co. v. United States

On February 15,1946, the plaintiff and the defendant, acting through the War Assets Corporation, entered into a “Sales Agreement,” No. BOS8933, covering certain surplus property consisting of 954,524 pounds of 8% x .033 WD 1045 Special Requirement Quality cold rolled strip steel. The property was sold, subject to the terms and conditions of the agreement f. o. b. Springfield Depot Warehouse. The sale price agreed upon was three cents per pound, or a total price of $29,124.25. At the time of this agreement and at all times thereafter, title to this steel, except 536,989 pounds thereof…