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V.L. NICHOLSON CO. v. TRANSCON INV.

595 S.W.2d 474 (1980)

V.L. NICHOLSON COMPANY, Petitioner, v. TRANSCON INVESTMENT AND FINANCIAL LTD., INC. et al., Respondents.

Supreme Court of Tennessee.

February 19, 1980.

Attorney(s) appearing for the Case

Wheeler A. Rosenbalm, W. Morris Kizer, Frantz, McConnell & Seymour, Knoxville, for petitioner.

William G. Cockrill, McCord & Cockrill, P.C., Knoxville, for respondents.

OPINION

HENRY, Justice.

This contract action involves the development and construction of federally subsidized low-rent housing in Johnson City. The parties seek damages for alleged breaches of their respective contractual obligations. The trial court awarded the V.L. Nicholson Company (contractor) a judgment against Transcon Investment and Financial, Ltd., (developer) and dismissed Nicholson's complaint against...

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