POSNER, Circuit Judge.
Phelps Dodge brought this diversity suit (governed by Illinois law) against Schumacher Electric Corporation to enforce a guaranty. The district judge awarded summary judgment to the plaintiff and $372,000 in damages. The facts were stipulated. Schumacher Electric, a family-owned corporation, manufactures battery-charging equipment and electrical transformers. A major input in the manufacture of these products is copper wire. In 1968, Albert...
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