Southern Electrical Supply Co. v. Raleigh County National Bank
West Virginia Supreme Court
1Opinion of the Court
HARSHBARGER, Justice:
William Gibson is president and sole stockholder of Gibson Electric Company, an electrical contracting firm, and president and majority stockholder (seventy-five percent) of Southern Electrical Supply Company, a dealer in electrical materials. (The other twenty-five percent of Southern Electrical stock is owned by its vice-president Alden Fitzpatrick.)
In 1980, Gibson Electric contracted with Willis and Paul to do electrical work, including furnishing labor and supplies, for building a coal preparation plant in Kentucky. The Raleigh County Bank made three ninety-day loans…
2Cases cited114 opinions
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- Port Chester Electrical Construction Corp. v. AtlasNew York Court of Appeals · 1976
- Lowendahl v. Baltimore & Ohio RailroadAppellate Division of the Supreme Court of the State of New York · 1936
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