Guyan MacHinery Co. v. Premier Coal Co.

Opinion op the Court by

Judge Rees —

Reversing.

On June 24, 1939, the Premier Coal Company purchased from the Guyan Machinery Company, by a conditional sales contract, certain mine machinery and equipment to be delivered to it at its mine at Paramount, near Middlesboro, Kentucky. The purchase price of the machinery was $1,450, and of this sum the purchaser paid $250 in cash and for the balance executed six notes for $100 each dated June 24,1939, and due in 1, 2, 3, 4, 5, and 6 months after date, respectively, and one note for $600 due January 24, 1940. It appears four of the $100 notes were…