Pursuant to 9 U.S.C. §§ 2-4, arbitration was directed on the application of the defendant by the District Court, together with a stay, of the common law action between the present parties for breach of a contract for the purchase and sale in 1973 of lumber at Wilmington, North Carolina. Garner Lumber Company was the plaintiff-vendee, and Randolph E. Valensi, Lange, Inc., the...
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