Karl Wendt Farm Equipment Co., Inc., Cross-Appellee v. International Harvester Co. And International Harvester Credit Corp., Cross-Appellants

NATHANIEL R. JONES, Circuit Judge.

Plaintiff Karl Wendt Farm Equipment Company (“Wendt”) appeals and defendants International Harvester Company and International Harvester Credit Corp. (collectively “IH”) cross-appeal from a deficiency judgement and preceding trial verdicts in this contract action relating to a dealer sales and service agreement. For the reasons set forth below, we reverse and remand in part and affirm in part.

I

This diversity action arises out of IH’s decision to go out of the farm equipment business after a dramatic downturn in the market for farm equipment. In the fall of…