Farmers Elevator Co. of Oakville, Inc. v. Hamilton
Indiana Court of Appeals
1Opinion of the Court
MEMORANDUM DECISION
VAIDIK, Judge.
Case Summary
The plaintiff farmer and defendant cooperative executed four hedge-to-arrive contracts for the sale of grain. Each contract stated a price, type, and quantity of grain to be delivered. None of the contracts specified a delivery date. The contracts also omitted rolling fees, but the farmer extended his delivery periods several times and was charged for each extension. The farmer ultimately did not deliver, and the contracts were cancelled. The farmer executed a series of promissory notes agreeing to compensate the co-op. He tendered a series of…
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