SEE-TEE MINING CORPORATION v. National Sales, Inc.

OPINION

CARMODY, Chief Justice.

Plaintiff See-Tee Mining Corporation appeals from an adverse decision in a suit for a declaratory judgment to adjudge the plaintiff free of liability on a contract for the purchase from defendant of a steel building located near Bluewater, New Mexico, on land owned by Cinco Distributing Company, a corporation, subject to a deed of trust to one Milton Harding and wife.

At the time the contract was executed, the president and one of the three directors of See-Tee was W. Rodney DeVilliers. De-Villiers was the owner of one-half the issued capital stock of See-Tee and…