MAGALLANES INV., INC. v. CIRCUIT SYSTEMS, INC.

No. 92-2142.

994 F.2d 1214 (1993)

MAGALLANES INVESTMENT, INC., Plaintiff-Appellant, v. CIRCUIT SYSTEMS, INC., Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided May 18, 1993.

As Amended on Denial of Rehearing June 25, 1993.


Attorney(s) appearing for the Case

Michael A. Snyder (argued), Richard A. Forster, Ray, Robinson, Carle, Davies & Snyder, Chicago, IL, for plaintiff-appellant.

Jerome F. Crotty, Kevin P. Brown (argued), Rieck & Crotty, Chicago, IL, for defendant-appellee.

Before CUMMINGS and CUDAHY, Circuit Judges, and LAY, Senior Circuit Judge.


CUMMINGS, Circuit Judge.

This case raises the interesting issue of whether a series of telexes exchanged between shipping brokers constituted a binding contract for the sale of the ship Acacia. The parties here made written offers and counter-offers, converged on the price and details of a sale, and concluded their correspondence with "deal confirmed * * * we give you hereunder recapitulation of terms and conditions agreed" (buyer) and "pleased to confirm ...

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