Natural Rock Asphalt Corp. v. Carter

Opinion op the Court by

Judge Rees

Reversing.

This is an appeal from a judgment of the Edmonson circuit court in a suit by the Natural Rock Asphalt Corporation to recover $200,000 against W. W. Carter for damages for breach of contract and $50,000 against the National Surety Company, surety on Carter’s contract.

The appellant, Natural Rock Asphalt Corporation, was organized in 1920 for the purpose of producing and selling rock asphalt for road building purposes. The Natural Rock Asphalt Corporation, hereinafter referred to as the company, purchased 100 acres of land, and leased 350 acres which…