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Wickham & Burton Coal Co. v. Farmers’ Lumber Co.

Supreme Court of Iowa
179 N.W. 417 (1920)


Facts

Wickham & Burton Coal Co. (Wickham) (plaintiff) and lumber company Farmers’ Lumber Co. (Farmers’) (defendant) entered into an oral agreement whereby Wickham agreed to provide Farmers’ all the coal Farmers’ required at a specified price. Farmers’ filed a counterclaim because it was forced to purchase coal on the open market at a rate higher than the contract rate, seeking the difference between the market price and the contract price. A judgment was rendered for Wickham. Farmers’ appealed.

Rule of Law

Issue

Holding and Reasoning (Salinger, J.)

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