Contracts Keyed to Barnett
Aluminum Company of America v. Essex Group, Inc
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- Topic: Identifies the topic of law and where this case fits within your course outline.
- Parties: Identifies the cast of characters involved in the case.
- Procedural Posture & History: Shares the case history with how lower courts have ruled on the matter.
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- Facts: What are the factual circumstances that gave rise to the civil or criminal case? What is the relationship of the Parties that are involved in the case. Review the Facts of this case here:
Aluminum Company of America (Plaintiff) and Essex Group Inc. (Essex) made an agreement that Plaintiff would supply Essex with aluminum for a long period of time. The aluminum price was based on a formula that had a portion of the price increase according to the Wholesale Price Index (WPI). The contract contained the maximum price for aluminum that Essex would pay if the WPI caused the price to increase too excessively. Over time, Plaintiff’s costs increased excessively; the price specified according to the WPI was insufficient to cover those costs. As a result, Plaintiff sought reformation or adjustment of the contract and filed suit. According to Plaintiff, the doctrines of frustration of purpose and impracticability applied and entitled Plaintiff to relief.
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