MG Refining & Marketing, Inc. v. Knight Enterprises, Inc.

How courts have described this case

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

• stating that “ ‘construction of a contract is appropriate if the meaning of the language is clear, considering all the surrounding circumstances and undisputed evidence of intent, and there is no genuine issue as to the inferences that might reasonably be drawn from the language’ ”
• rejecting contention that Bybee signaled end of multi-factor test to determine transaction’s underlying purpose
• “The underlying purpose of a transaction is ... the touchstone of the forward contract analysis.”

Source: CourtListener parenthetical corpus (CC0).