Fredericksen v. Knight Land Corp.

DURHAM, Justice:

This appeal involves a breach of contract action brought by the appellant Robert S. Fredericksen against the respondent Knight Land Corporation (hereafter “Knight”). 1 Knight asserted the six-year statute of limitations as an affirmative defense. See U.S.C., 1953, §§ 78-12-1 & -23(2). The trial court entered a judgment of “no cause of action” based on the six-year statute of limitations. We affirm.

The parties to this action submitted this case to the trial court on stipulated facts, which are as follows:

On November 1, 1961, Knight executed an agreement (hereafter the “ESLIC…