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Minneapolis v. Columbus: Difference between revisions
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m (DeRien moved page Minneapolis & St. Louis Railway Co. v. Columbus Rolling-Mill Co. to Minneapolis v. Columbus: shorten) |
Lost Student (talk | contribs) (Added timeline) |
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*Subsequently, Columbus became un-responsive to several letters from the buyer Minneapolis. | *Subsequently, Columbus became un-responsive to several letters from the buyer Minneapolis. | ||
*Finally, on January 19th 1880, Columbus announced that there was no contract. | *Finally, on January 19th 1880, Columbus announced that there was no contract. | ||
* | *'''Timeline''': | ||
{{Timeline | |||
|quote requested<br />by Minneapolis | |||
|Dec. 5 | |||
|Dec. 8 | |||
|$54/ton<br />quote provided<br />by Columbus | |||
|order placed for<br />1,200 tons | |||
|Dec. 16 | |||
|Dec. 18 | |||
|order canceled<br />for 1,200 tons | |||
|order placed for<br />2,000 tons | |||
|Dec. 19 | |||
|Dec. 22 | |||
|Inquiry re: order | |||
|Communication that no contract was formed | |||
|Jan. 19 | |||
}} | |||
|procedural_history=*Minneapolis sued Columbus in federal district court. | |procedural_history=*Minneapolis sued Columbus in federal district court. | ||
*Minneapolis sought to enforce a December 19th 1879 contract for 2,000 tons of iron rails at $54/ton. | *Minneapolis sought to enforce a December 19th 1879 contract for 2,000 tons of iron rails at $54/ton. |
Latest revision as of 04:05, December 16, 2023
Minneapolis v. Columbus | |
Court | Supreme Court of the United States |
---|---|
Citation | 119 U.S. 149 |
Date decided | November 29, 1886 |
Facts
- Minneapolis & St. Louis Railway Co. = "Minneapolis" = plaintiff = a train company based in Minnesota = a company needing iron for its railways = iron buyer
- Columbus Rolling-Mill Co. = "Columbus" = defendant = an iron manufacturer in Ohio = iron seller
- On December 5, 1879, Minneapolis wrote a letter to Columbus requesting a quote for the price of 2,000 to 5,000 tons of iron rails.
- Columbus offered to sell irons to Minneapolis for $54/ton if such large quantity was needed.
- Subsequently, Columbus became un-responsive to several letters from the buyer Minneapolis.
- Finally, on January 19th 1880, Columbus announced that there was no contract.
- Timeline:
Dec. 5
quote requestedby Minneapolis
Dec. 8
$54/tonquote provided
by Columbus
Dec. 16
order placed for1,200 tons
Dec. 18
order canceledfor 1,200 tons
Dec. 19
order placed for2,000 tons
Dec. 22
Inquiry re: order
Jan. 19
Communication that no contract was formed
Procedural History
- Minneapolis sued Columbus in federal district court.
- Minneapolis sought to enforce a December 19th 1879 contract for 2,000 tons of iron rails at $54/ton.
- The trial jury decided in favor of Columbus (iron producer).
Issues
Does an offer have to be accepted according to its exact terms in order to form a binding contract?
Arguments
Columbus contended that there was no contract.
Holding
Yes. An offer must be accepted according to its exact terms in order to form a binding obligation.
Judgment
Affirmed