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Bolin Farms v. American Cotton Shippers Association
Citation:
370 F.Supp. 1353.Only StudyBuddy Pro offers the complete Case Brief Anatomy*
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Plaintiffs (various cotton farmers) had made “forward” sales contracts, where the Plaintiffs arranged for cotton to be purchased before they even began planting. The contracts were made for a typical market price of 29 or 30 cents a pound. For reasons unknown, between the formation of the contract and the actual harvesting and delivery of the cotton, the price of cotton on the market skyrocketed up to 80 cents a pound. The Plaintiffs thus sued to annul the sales contracts to obtain better prices for their cotton than what they had previously agreed to.
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