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Aluminum Co. of America v. Essex Group, Inc.

499 F. Supp. 53 (1980)

tl;dr: A price index stipulated in a contract turned out to be an inaccurate measure of one party’s actual production costs. The court allowed the parties to modify the contract based on the doctrine of mutual mistake.

IRACIssue, Rule, Analysis, Conclusion

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Facts & Holding

Facts:Plaintiff Aluminum Company of America (ALCOA) sued defendant Essex Group,...

Holding:The doctrine of mistake has a limited role in contract...

Aluminum Co. of America v. Essex Group, Inc.

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