Bolin Farms v. American Cotton Shippers Association
United States District Court for the Western District of Louisiana
370 F.Supp. 1353 (W.D. La. 1974)
Between January 9, 1973 and March 29, 1973, Bolin Farms (plaintiff) and 13 other cotton farmers entered into forward sales contracts with American Cotton Shippers Association (American) (defendant). American agreed to purchase for an agreed-upon price all the future cotton produced by Bolin Farms on a set amount of acreage. At the time the contract was made, cotton was selling for between 29 and 41 cents per pound. However, due to a variety of environmental and market factors, when the cotton was ready for harvest in September 1973 the price had risen to 80 cents per pound. Bolin Farms brought suit in United States district court, seeking a declaratory judgment that due to the extreme change in price following the making of its contract with American, the contract was now unenforceable. Thirteen other suits were filed on the same ground against American before Bolin Farms’ suit, and in all 13, the contracts were held enforceable.
Rule of Law
Holding and Reasoning (Hunter, C.J.)
What to do next…
Unlock this case brief with a free (no-commitment) trial membership of Quimbee.
You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 97,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.
Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.
Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.
Here's why 161,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 13,700 briefs, keyed to 186 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.