From our private database of 34,000+ case briefs...
Missouri Furnace Co. v. Cochran
United States Circuit Court for the Western District of Pennsylvania
8 F. 463 (1881)
Cochran (defendant) contracted to deliver 36,621 tons of coke (a type of coal) to Missouri Furnace (plaintiff) at the price off $1.20 per ton. The coke was scheduled to be delivered in installments, 13 tons per day. After delivering 3,765 tons of coke, Cochran notified Missouri Furnace that he would be rescinding the contract and did not deliver any more coke. Subsequently, Missouri Furnace entered into a similar installment contract with Hutchinson for the delivery of 29,587 tons of coke. However, the price on this contract was $4.00 per ton, as this was the prevailing market price for such a forward contract at the time. The market price of coke subsequently fell right after the Hutchinson contract was signed. Missouri Furnace brought suit against Cochran to recover its losses, seeking the difference between the price in the Cochran contract and the price it agreed to pay Hutchinson in that contract. The court found in favor of Missouri Furnace, but only for $22,179, the difference between the price in the Cochran contract and the market price of the coke at the time delivery should have been made on each of the several dates of that installment contract. Missouri Furnace moved for a new trial.
Rule of Law
Holding and Reasoning (Acheson, 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 607,000 law students since 2011. Some law schools—such as Yale, Berkeley, and Northwestern—even subscribe directly to Quimbee for all their law students.Unlock this case briefRead 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.Learn about our approachRead more about Quimbee
Here's why 607,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 34,000 briefs, keyed to 984 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.