(DOWNLOAD) "Resource Engineering v. Earl T. Siler and" by Supreme Court of Idaho No. 10824 ~ Book PDF Kindle ePub Free
eBook details
- Title: Resource Engineering v. Earl T. Siler and
- Author : Supreme Court of Idaho No. 10824
- Release Date : January 31, 1972
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 63 KB
Description
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 which time the equipment to be sold by Siler was inspected and appraised. On July 17, 1957, Harrison and Siler executed a written contract, which required that Siler sell the equipment and that he guarantee to Resource a minimum price of $80,000.00, to be paid as the equipment was sold, the full amount being due in three years. After deducting a ten percent commission and the costs of loading, moving, and repair, Siler was to remit the proceeds of sale to Resource. The contract also required that Resource refrain from selling or disposing of any of the equipment during the life of the agreement but in case anyone else did procure a buyer and a sale resulted, Siler was entitled to receive his commission.