Lowndes Hill Realty Co. v. Greenville Concrete Co.

Legge, Justice.

On April 20, 1953, Lowndes Hill Realty Company, owner of a lot near the City of Greenville, S. C., entered into a contract with Builders Lumber Company for the construction by the latter of a building thereon for an agreed price of $39,850.00. Prior to the award of the contract, one Paul Aughtry had negotiated a lease of the proposed building (which was to be known as the Aughtry Building) for a term of ten years at an annual rent of ten per cent of its cost. Lowndes Hill Realty Company employed one H. L. McLendon, an architect, to draw the plans for the building and supervise…