Ernest Lane, III v. Ronald D. Lampkin

ON WRIT OF CERTIORARI

KITCHENS, Justice, for the Court:

¶ 1. Limestone Products, Inc. (Limestone), jointly owned by Ronald (Ronnie) Lampkin and James Oldrum (J.O.) Smith, Jr., operated with a line of credit personally guaranteed by Lampkin and Smith. Limestone was in the business of selling rock, predominantly to Lampkin’s company, Lampkin Construction. Following Smith’s death and his estate’s subsequent refusal to guarantee Limestone’s line of credit, Lampkin formed Delta Stone, a new corporation which operated on the same property, made use of the same facilities,, and sold rock to-the same…