Midstate Hauling Co. v. Watson

JUSTICE, JOHN D., Associate Judge.

The Appellant, Midstate Hauling Company, Inc., referred to hereinafter as Mid-state, a corporation engaged in the transportation of “commodities commonly referred to as road building aggregates,” entered into separate lease agreements with the defendants, Appellees herein, A. P. Watson, Junior C. Cook and Ray Downing, whereby the latter would lease “motor vehicle equipment” used to haul the aggregates for Midstate. In return Midstate agreed to compensate the defendants for the use of their equipment on the following basis:

“75% of the net revenue unless…