No. 82-4161.

709 F.2d 898 (1983)

LOUIS DREYFUS CORPORATION, Plaintiff-Appellee, Cross-Appellant, v. J.B. BROWN and Michael Smith, Defendants-Appellants, Cross-Appellees.

United States Court of Appeals, Fifth Circuit.

June 29, 1983.

Attorney(s) appearing for the Case

Jack Parsons, Eddy Parsons, Wiggins, Miss., for defendants-appellants, cross-appellees.

Gary L. Roberts, Pascagoula, Miss., for plaintiff-appellee, cross-appellant.

Before RUBIN, GARZA and WILLIAMS, Circuit Judges.


In January of 1980 and July of 1980, J.B. Brown and Michael Smith, the defendants, executed two contracts for the delivery of soybeans to Louis Dreyfus Corporation, the plaintiff. The first contract called for the delivery of 20,000 bushels of soybeans at $7.15 per bushel, while the second contract called for the delivery of 10,000 bushels of soybeans at $7.54 per bushel. After executing the contracts with the defendants, the plaintiff contracted to resell...

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