Hester v. New Amsterdam Casualty Co.
Court of Appeals for the Fourth Circuit
1Opinion of the Court
BUTZNER, Circuit Judge:
Mr. and Mrs. Keith T. Jones and the New Amsterdam Casualty Company appeal from judgments of $960,000 in favor of Glen B. Hester and J. B. Fuqua. We affirm on the issue of liability, but remand for the recomputation of damages.
In 1963, Jones acquired an option to purchase 5,600 acres of Florida timberland for $550,000. In order to obtain a purchase money loan from the Liberty National Bank of Savannah, Georgia, Jones was required to show development of the tract. Accordingly, he contracted with Valdosta Plywoods, Inc., which agreed to lumber the tract paying $25 per…
2Cases cited21 opinions
- Klaxon Co. v. Stentor Electric Manufacturing Co.Supreme Court of the United States · 1941
- Ramel v. Chasebrook Construction CompanyDistrict Court of Appeal of Florida · 1961
- Prudential Ins. Co. of America v. SameCourt of Appeals for the D.C. Circuit · 1943
- Williams v. McFaddenSupreme Court of Florida · 1887
- Potakar v. HurtakSupreme Court of Florida · 1955
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3Cited by4 opinions
- Lister v. NationsBankCourt of Appeals of South Carolina · 1997
- Autrey v. Chemtrust Industries CorporationDistrict Court, D. Delaware · 1973
- E.A. Prince & Son, Inc. v. Selective InsuranceDistrict Court, D. South Carolina · 1993
- Glenn B. Hester and J. B. Fuqua v. New Amsterdam Casualty Company, a Corporation, Glenn B. Hester and J. B. Fuqua v. Keith T. Jones and Estelle J. Jones, Glenn B. Hester and J. B. Fuqua v. New Amsterdam Casualty Company, a Corporation, Keith T. Jones, and Estelle J. JonesCourt of Appeals for the Fourth Circuit · 1969