Gibson V. De La Salle Institute

On March 23, 1943, plaintiffs, appellants before this court, filed a complaint against defendant De La Salle Institute the pertinent allegations of which were that on February 25, 1943, defendant was possessed of $500,000 gallons of wine including 275,000 gallons of sherry, 80,000 gallons of muscatel, 45,000 gallons of port, 50,000 gallons of dry red, and 50,000 gallons of dry white; that on said date and as a culmination of negotiations between plaintiffs and defendant, defendant offered to sell to plaintiffs the above described wines at specified prices, which offer was transmitted to plaintiffs by telegram reading: