From our private database of 14,100+ case briefs...
Taylor Equipment, Inc. v. John Deere Co.
United States Court of Appeals for the Eighth Circuit
98 F.3d 1028 (1996)
Deere & Company and its subsidiary, John Deere Industrial Equipment Company (Deere) (defendants), manufactured and provided industrial equipment to dealers. A dealer was not obligated to pay Deere until the dealer sold or leased the equipment. Taylor Equipment, Inc., doing business as Midcon Equipment Company (Midcon) (plaintiff), was a dealer for Deere. The dealer contract provided that Deere could terminate the contract immediately for cause, including a failure to timely pay Deere for equipment that Midcon sold. The contract also stated that the dealership could not be assigned by Midcon without prior written consent from Deere. Midcon sold $370,000 of Deere’s equipment but failed to timely pay Deere after the sales. Deere chose not to immediately terminate the contract and instead allowed Midcon to attempt to locate a buyer for the dealership. Midcon located a willing buyer, but Deere refused to approve the assignment of the contract unless the buyer provided additional equity capital. The buyer declined to do so. Midcon later assigned the contract to other buyers with Deere’s approval for $1,715,000 less than the original offer. Midcon sued Deere, alleging a breach of the implied covenant of good faith and fair dealing. The jury awarded damages to Midcon, and the district court denied Deere’s motion for judgment as a matter of law and entered judgment in favor of Midcon. Deere appealed.
Rule of Law
Holding and Reasoning (Loken, J.)
Dissent (Gibson, 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 220,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 14,100 briefs, keyed to 189 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.