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EQUITY INVESTORS, INC. v. ACADEMY INS. GROUP, INC.

No. 51,629

229 Kan. 456 (1981)

625 P.2d 466

EQUITY INVESTORS, INC., a corporation, Appellee, Cross-Appellant, v. ACADEMY INSURANCE GROUP, INC., a corporation, Appellant, Cross-Appellee.

Supreme Court of Kansas.

Opinion filed March 25, 1981.

Attorney(s) appearing for the Case

Emmett A. Blaes, of Jochems, Sargent & Blaes, P.A., of Wichita, argued the cause and Gary M. Austerman and Alan D. Herman, of the same firm, were with him on the brief for the appellee.

Robert Martin, of Martin, Pringle, Fair, Davis & Oliver, of Wichita, argued the cause and Paul B. Swartz and James A. Walker, of the same firm, were with him on the brief for the appellant.

The opinion of the court was delivered by

HERD, J.:

Academy Insurance Group, Inc., appeals from a judgment in favor of Equity Investors, Inc., in the amount of $384,463 plus interest at eight per cent from March 2, 1978, for breach of contract.

None of the facts are in dispute except those pertaining to damages. Equity Investors, Inc., a New Mexico corporation, owned two motels, a nursing home, a liquor license, some unimproved real estate and miscellaneous...

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