State Board of Public Affairs v. Principal Funding Corp.

IRWIN, Justice.

This is the second time this controversy has been considered by this Court.

Principal Funding Corporation (Appel-lee) owned certain real property and entered into a written agreement for its rental with the proper State officials. Appellant (State) refused to pay certain installments due under the agreement on the grounds the agreement had been legally terminated pursuant to its terms and it (State) had surrendered possession of the property and appellee had accepted its surrender.

In the first proceeding, appellee commenced an ordinary action at law against State to recover…