Rangen, Inc. v. Valley Trout Farms, Inc.

How courts have described this case

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

• explaining that cases dealing with the issue have ordinarily involved written notice
• holding the parties did not form a requirements contract because “[a]lthough [the seller] was the primary supplier of fish food to [the buyer,] the record does not show that it was [the buyer’s] exclusive supplier”
• usury statutes inapplicable in absence of express agreement for seller to fore-go immediate demand for payment or action on the account
• usu-ry statutes inapplicable in absence of express agreement for seller to forego immediate demand for payment or action on the account
• same, applying Idaho’s UCC provisions to additional term providing for 12%-18% interest on past-due accounts, and finding the interest rates reasonable under UCC’s liquidated damages provision in § 2-718
• dealing with this type of formation dispute between “merchants”

Source: CourtListener parenthetical corpus (CC0).