On January 15, 1951, the plaintiff purchased from the United States the SS. Cooper Union Victory, a dry cargo ship of the Victory type, pursuant to the provision of the Merchant Ship Sales Act of 1946, 60 Stat. 41, 50 U.S.C.A.Appendix, §§ 1735-1746. The Maritime Administration, an agency in the Department of Commerce, acted for the United States in the transaction.
The "floor price" of...
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