Prichard v. Bank Josephine

COMBS, Judge.

This is an appeal from the judgment of the Floyd Circuit Court which granted ap-pellee’s motion for judgment notwithstanding the verdict.

Prichard Mining Company, a sole proprietorship of Larry Prichard, mined, delivered, and sold coal as its business. Prichard contracted with Lady Washington Mining Company to deliver coal to Lady Washington at its river loading dock near Ash-land, Kentucky. Lady Washington would then sell the coal to West Penn Power Company.

Lady Washington had entered into a financial arrangement with appellee Bank Josephine known as a “Factoring Agreement.” The…