Resource Engineering, Inc. v. Siler

DONALDSON, Justice.

The plaintiff-appellant Resource Engineering, Inc., hereinafter called Resource, was managed and wholly owned by Lester S. Harrison until his death in April, 1966. The defendant-respondent Siler Equipment Sales, Inc., was incorporated by the defendant-respondent Earl T. Siler in December, 1957.

In the fall of 1956, Siler and Harrison entered into negotiations, seeking to execute an agreement whereby Siler would sell certain mining equipment on behalf of Resource. The contracting parties made several trips to various mining properties in 1956 and the early spring of 1957, at…