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What is Contract Validity in Cotton Sales Case about?

This litigation involves 11 cotton farmers who sought to invalidate contracts they entered into between January and March 1973 to sell their cotton crops at agreed upon prices. By harvest time in the fall, cotton prices had unexpectedly doubled. The court upheld the validity of the contracts, finding they were entered into willingly between experienced buyers and sellers at fair market prices at the time. The court noted that over a dozen similar cases had also found such forward contracts for agricultural

Author

Anonymous eJBhs9Cg

Language

EN