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HESTER v. NEW AMSTERDAM CASUALTY COMPANY

Nos. 12819, 12820, 12821.

412 F.2d 505 (1969)

Glenn B. HESTER and J. B. Fuqua, Appellees, v. NEW AMSTERDAM CASUALTY COMPANY, a Corporation, Appellant. Glenn B. HESTER and J. B. Fuqua, Appellees, v. Keith T. JONES and Estelle J. Jones, Appellants. Glenn B. HESTER and J. B. Fuqua, Appellants, v. NEW AMSTERDAM CASUALTY COMPANY, a Corporation, Keith T. Jones, and Estelle J. Jones, Appellees.

United States Court of Appeals Fourth Circuit.

Decided June 13, 1969.

Attorney(s) appearing for the Case

D. Kenneth Baker, Darlington, S. C., and Carl E. Sanders (James P. Mozingo, III, Darlington, S. C., and William J. Cooney on brief), for Glen B. Hester and J. B. Fuqua.

D. W. Robinson, Columbia, S. C., and Hugh L. Willcox, Florence, S. C. (Robinson, McFadden & Moore, Columbia, S. C., on brief), for New Amsterdam Cas. Co.

Dan M. McEachin, Florence, S. C. (McEachin & McEachin, Florence, S. C., on brief), for Keith T. Jones and Estelle J. Jones.

Before HAYNSWORTH, Chief Judge, BOREMAN and BUTZNER, Circuit Judges.

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...

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