M & M Transportation Co. v. Schuster Express, Inc. (In Re M & M Transportation Co.)

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• In both cases the object of the contract was obtaining ICC operating permits. Loss of market value of the rights because of deregulation, although substantial, did not support frustration and rescission.
• “The basic test is whether the parties contracted on a basic assumption that a particular contingency would not occur . . . . An analysis of the facts is crucial for the proper application of this doctrine.”
• operation under interim permit for 18 months

Source: CourtListener parenthetical corpus (CC0).