Study each of the following cases carefully. Briefly state the principle of law and your decision.
Termination by Agreement Laclede Gas Company purchased propane gas from Amoco Oil Company and sold it to various residential subdivisions. After the contract had been in operation for some time, Amoco refused to supply any more gas. Laclede was unable to find another supplier willing to enter into a long-term contract such as Laclede had with Amoco. Management of Laclede felt that money damages would not provide a reasonable settlement. What would be a reasonable resolution of Laclede’s problem? [ Laclede Gas Co. v. Amoco Oil Co. , 522 F.2d 33 (8th Cir.)]
Principle of Law:
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Decision:
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