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 The Second U.S. Circuit Court of Appeals opinion in the Arcadian Phosphate case did not repudiate the position 
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Pennzoil Co. took in its dispute with Texaco,
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 contrary to your Sept. 8 article Court Backs Texaco's View in Pennzoil Case 
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-- Too Late.
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 The fundamental rule of contract law 
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applied to both cases
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 was that courts will not enforce agreements 
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to which the parties did not intend to be bound.
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 In the Pennzoil/Texaco litigation, the courts found 
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Pennzoil and Getty Oil intended to be bound;
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 in Arcadian Phosphates
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 they found 
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there was no intention to be bound. 
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 Admittedly, the principle in the cases is the same.
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 But the outcome of a legal dispute almost always turns on the facts.
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 And the facts, 
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as found by the various courts in these two lawsuits,
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 were different.
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 When you suggest otherwise,
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 you leave the realm of reporting 
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and enter the orbit of speculation.
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 Charles F. Vihon 
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 Boston 
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