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NORTHERN DELAWARE INDUS. DEV. CORP. v. E. W. BLISS CO.

245 A.2d 431 (1968)

NORTHERN DELAWARE INDUSTRIAL DEVELOPMENT CORPORATION, a nonprofit corporation of the State of Delaware, and Phoenix Steel Corporation, a corporation of the State of Delaware, Plaintiffs, v. E. W. BLISS COMPANY, a corporation of the State of Delaware, Defendant.

Court of Chancery of Delaware, New Castle.

Reargument Denied July 22, 1968.

Attorney(s) appearing for the Case

Ernest S. Wilson, Jr., of Wilson and Lynam of Wilmington for plaintiffs.

Arthur G. Connolly and Januar D. Bove, Jr., of Connolly, Bove & Lodge, Wilmington, and Simpson, Thatcher & Bartlett, New York City, for defendant.

MARVEL, Vice Chancellor:

Plaintiffs and defendant are parties to a contract dated May 26th, 1966, under the terms of which defendant agreed to furnish all labor, services, materials and equipment necessary to expand and modernize a steel fabricating plant owned by the plaintiff Phoenix Steel Corporation at Claymont, Delaware. A massive undertaking is called for in the contract, the total price for the work to be performed...

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