Ladd Lime & Stone Co. v. MacDougald Construction Co.

(After stating the foregoing facts.) We are of the opinion that the defendant’s contention as to the construction of the contract is correct. But for the presence of the clause which provides that the contract expires “by its own limitations on January 31, 1920,” the construction placed upon the contract by the plaintiff would have been plausible and perhaps correct. But the presence of this clause absolutely precludes any such construction as the plaintiff contends for. All the accrued rights under the contract necessarily expired and became unenforceable on the date on which the contract…