Hannam Law Secures $1.2M Judgement
Hannam Law Firm is proud to have represented Majestic Milling Company, LLC in a significant Missouri contract dispute involving the procurement and sale of organic soybeans. In Majestic Milling Co., LLC v. River Valley Ag Exchange, LLC, the Missouri Court of Appeals affirmed judgment in favor of Majestic Milling, recognizing River Valley’s breach of contract and breach of the implied covenant of good faith and fair dealing.
The dispute arose from a fixed-price soybean supply agreement under which River Valley agreed to use its best efforts to procure and sell soybeans to Majestic Milling in specified quantities and at agreed-upon prices. When market prices rose, River Valley delivered only a fraction of the contracted soybeans, failed to provide the required insufficient-supply notice, and charged above-contract prices for certain deliveries while Majestic was forced to obtain replacement soybeans from other suppliers.
The Court of Appeals rejected River Valley’s argument that the contract excused its nonperformance merely because market prices increased. The court concluded that soybeans remained available in the marketplace and that a price increase did not make River Valley “unable” to supply the contracted goods. The court further held...
