[Download] "Brand S Corporation v. Lloyd A. King Dale" by Supreme Court of Idaho No. 13274 * Book PDF Kindle ePub Free
eBook details
- Title: Brand S Corporation v. Lloyd A. King Dale
- Author : Supreme Court of Idaho No. 13274
- Release Date : January 18, 1981
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 64 KB
Description
This is an appeal from a jury verdict denying recovery for breach of an alleged logging contract. Plaintiff-appellant Brand S Corporation is a logging and sawmill corporation and defendants-respondents Lloyd A. King, Dale A. King, Janice King, and Gloria S. King, transacted business in the summer and fall of 1974 as a logging partnership. In May 1974, Brand S, through its representatives Saul Hirschberg and Don Plummer, met with the Kings regarding Brand S's plans to build a mill. Also discussed was Brand S's need for logs. As a result of the meetings, the parties entered into an agreement that Brand S would advance the Kings $140,000.00. A month after the initial meeting, Brand S paid $70,000.00 to the Kings and later that summer made two additional $35,000.00 payments. Before the second payment was made a contract was presented to the Kings for their signature. The five-page contract stated that Brand S lends $140,000.00 to the Kings' logging partnership. The contract provided repayment provisions in the form of offering delivery of logs at specified rates to Brand S at the new mill. If these logs were not accepted, the Kings were to sell them elsewhere and withhold money to pay back Brand S. Notwithstanding these provisions, the contract provided the loan was to be repaid at not less than $25,000.00 each month. The Kings signed and returned the contract with an attached letter containing proposed changes to the contract.