Rangen v. Valley Trout Farms

Appellant Valley Trout Farms, Inc. is in the business of raising, feeding, caring for, harvesting, and marketing trout. Respondent and cross appellant Rangen, Inc. is engaged in, among other things, the manufacture and sale of fish food. For some time prior to July 1, 1977 the parties had frequent business dealings involving the sale of fish food. These transactions began when Valley Trout farms would send a purchase order to Rangen requesting certain amounts of feed, Rangen would then deliver it. Some time prior to July 1, 1977, Rangen advised Valley Trout that it would close its books with respect to Valley Trout's purchase of fish food on the twenty-fifth of each and every month and that Rangen would send Valley Trout its bill indicating the previous month's purchases, and that the previous month's purchases would be due and payable thirty days after the billing date.