Price & Sons Grading Co. v. Associated Iron & Metal Co.

Deen, Presiding Judge.

On May 16, 1980, the appellant, Price and Sons Grading Company, contracted with the appellee to disassemble two buildings and to deliver the salvaged materials to the appellee. That contract provided for an adjustment in the purchase price if some of the materials were damaged prior to or in the course of loading; it further provided that in the event the parties could not agree upon an adjustment, the matter would be submitted to binding arbitration pursuant to the uniform rules and regulations of the American Arbitration Society.

Following a dispute over such a matter,…