MINNESOTA LINSEED OIL CO. V. COLLIER WHITE LEAD CO.
17 F. Cas. 447 (1876)
NATURE OF THE CASE: This was a dispute over the formation of a contract when the parties
dealt by telegraph.
FACTS: Minnesota (P) sued Collier (D) for $2,151 in a contract dispute. D filed a
counterclaim on a separate contract alleging that the parties entered into a binding
contract on August 3, 1875, whereby P would sell to D 12,450 gallons of linseed oil for the
price of 58 cents per gallon. D claimed that P breached by failing to deliver the oil. The
market value of linseed oil had risen to 70 cents per gallon and D claimed damages from P's
refusal to sell the oil at 58 cents per gallon. The linseed transaction had been negotiated
by telegraph. On July 29, P solicited an offer from D. On July 30, D requested 300 barrels
for 55 cents per gallon. On July 31, P telegraphed an offer to sell the requested oil at 58
cents per gallon. It is alleged that this message was not delivered to D until August 2. D
accepted the offer of 58 cents per gallon by telegraph on August 3. On August 3, P attempted
to revoke the offer. D claims that the sale was complete before any withdrawal was received.
P claims that the acceptance was not offered within a reasonable time of the offer.
ISSUE:
RULE OF LAW:
HOLDING AND DECISION:
LEGAL ANALYSIS:
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