- 10 -
1984 39.6 60.4
1985 16.3 83.7
1986 91.8 8.2
1987 95.6 4.4
1988 93 7
1989 100 0
1990 100 0
By letter dated September 15, 1982, Mr. Groth informed one
of Vineyards' customers for grapes from the Hillview Vineyard of
Mr. Groth's long-term plan to start a winery. The letter further
stated that Mr. Groth would need grapes produced by the Hillview
Vineyard for that winery and that, for 1983, he wished to sell to
the customer only half of the amount of sauvignon blanc grapes
specified in the agreement that had been made between the
customer and the previous owner of the Hillview Vineyard, and,
thereafter, to take all of those grapes for his own winery.
During 1985, Vineyards entered into a contract with Renaissance
Wine Company for the purchase of grapes that would continue from
year to year until canceled; if canceled, the parties were
obligated to buy and sell the same amount of grapes at the same
price as had been bought and sold during the preceding year. The
contract called for the purchase of 50 tons of grapes at $750 per
ton. Consequently, the buyer was obligated to buy annually 50
tons of grapes for at least 2 years. In a cover letter with
respect to the contract dated March 15, 1985, Mr. Groth stated
that "$750 per ton is a price that is below our normal selling
price and is designed to help you [Renaissance Wine Company]
achieve your average sell price of $36/case."
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Last modified: May 25, 2011