Mid-Southern Toyota, Ltd. v. Bug's Imports, Inc.

VANCE, Commissioner.

This is the third appearance in this court occasioned by the disputes existing among the litigants. See Mid-Southern Toyota, Ltd. v. Bug’s Imports, Inc., Ky., 453 S.W. 2d 544 (1970), and Mid-Southern Toyota, Ltd. v. Pennington, Ky., 458 S.W.2d 776 (1970).

The disputes arose over the interpretation of a “Mutual Letter of Intent” which was the basis of a warehousing franchise granted to Bug’s Imports by Mid-Southern and which read as follows:

“MUTUAL LETTER OF INTENT”

“The point of this agreement between Mid-Southern Toyota, Ltd., Chicago, Illinois, and Floyd Abbott, Jr.,…