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
Facts & Holding
Facts:Plaintiff Aluminum Company of America (ALCOA) sued defendant Essex Group,...
Holding:The doctrine of mistake has a limited role in contract...
Bertie: I know this is kind of weird, but I've been reading this chat all cycle long as a MOM, and I CANNOT EXPRESS to you how much I've been rooting for you. You have been such a force of positivity, support, and good humor for everyone else all cycle long. All I wanted was for you to get into W&L because you so deserved it. This news has literally MADE MY DAY. This is absolutely the response you deserved for all the good karma you've shown to everyone else. You are going to do so well. Con
Haha I hope acceptances. I imagine they may move closer to to their letter intent though.