In the case of Bridgewater Iron Company v. Lissberger, the Supreme Court of the United States was asked to decide whether a contract between the two parties was valid. The contract in question was for the sale of iron ore from the Bridgewater Iron Company to Lissberger. The Supreme Court held that the contract was valid and enforceable. The Court found that the contract was made in good faith and that the parties had agreed to all of the terms of the contract. The Court also found that the contract was not voidable due to any fraud or misrepresentation on the part of either party. The Court also held that the contract was binding on both parties and that the Bridgewater Iron Company was entitled to damages for breach of contract. The Court found that the damages should be calculated based on the difference between the contract price and the market price of the iron ore at the time of the breach. The Court also held that the Bridgewater Iron Company was entitled to interest on the damages from the date of the breach until the date of judgment. The Court also held that the Bridgewater Iron Company was entitled to costs and attorney's fees. In conclusion, the Supreme Court held that the contract between the Bridgewater Iron Company and Lissberger was valid and enforceable and that the Bridgewater Iron Company was entitled to damages for breach of contract.

In the case of Bridgewater Iron Company v. Lissberger, the Supreme Court was tasked with determining whether a contract between two parties had been breached and if so, who should be held liable for damages. The majority opinion found that there had been no breach of contract on either side and thus neither party could recover damages from the other. However, Justice Field dissented from this decision arguing that while there may not have been an express breach of contract by either party, it was clear to him that one existed in fact due to their failure to perform according to its terms. He argued that since both parties were aware of these facts they should be held responsible for any losses incurred as a result thereof and ordered each party pay half the amount claimed by Lissberger as compensation for his loss.