STUART, Justice.
Rath Packing Company (Rath), an Iowa corporation, brought this action for breach of contract against Intercontinental Meat Traders, Inc. (Traders), an Illinois corporation, in Black Hawk County, Iowa under the provisions of the Iowa long arm statute, section 617.3, Code of Iowa, which in its pertinent part provides:
"If a foreign corporation makes a contract with a resident of Iowa to be performed in whole or in part by either party in Iowa...
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