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PERMIAN BASIN INVESTMENT CORPORATION v. LLOYD

No. 6146.

312 P.2d 533 (1957)

63 N.M. 1

PERMIAN BASIN INVESTMENT CORPORATION, a Texas corporation, Plaintiff and Defendant in Intervention, Appellee, v. R.L. LLOYD, Defendant and Counter-Claimant, W.C. Gilmore and J. Robert Phillips, Jr., Plaintiffs in Intervention, Appellants. R.L. LLOYD, Plaintiff, v. PERMIAN BASIN INVESTMENT CORPORATION, a Texas corporation, Defendant, Appellee, Green Hornet Uranium Corporation, a Delaware corporation, Defendant, W.C. Gilmore and J. Robert Phillips, Jr., Defendants, Appellants.

Supreme Court of New Mexico.

June 10, 1957.

Attorney(s) appearing for the Case

George E. Stevens, Albuquerque, for appellants, W.C. Gilmore and G. Robert Phillips, Jr.

Simms, Modrall, Seymour, Sperling & Roehl, Albuquerque, for appellee, Permian Basin Investment Corp.

LUJAN, Chief Justice.

W.C. Gilmore and J. Robert Phillips, Jr., appeal from adverse judgments in two causes consolidated below in which they sought unsuccessfully to establish their right as third party beneficiaries to recover damages from Permian Basin Investment Corporation because of its refusal to perform its contract with Green Hornet Uranium Corporation to purchase a certain State of New Mexico prospecting permit on lands containing deposits of uranium.

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