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๐ ALAB, SLS '24 |
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Bolin Farms v. American Cotton
370 F. Supp. 1353 (W.D. La. 1974)
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Contracts
,
changed circumstances
,
risk assumption
tl;dr:
Farmers want out of forward sales agreement for cotton when the price of cotton unexpectedly doubles after contract is formed.
IRAC
Issue, Rule, Analysis, Conclusion
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Facts & Holding
Facts:
Cotton farmers (plaintiffs) form forward sales contracts to sell future...
Holding:
Both parties were experienced in the industry and aware of...
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