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JAMES v. McCOY MFG. CO.

81-11.

431 So.2d 1147 (1983)

Franklin H. JAMES, as Director of the State of Alabama Department of Industrial Relations v. McCOY MANUFACTURING COMPANY.

Supreme Court of Alabama.

Rehearing Denied April 29, 1983.

Attorney(s) appearing for the Case

George Cocoris, Gen. Counsel, and Frank D. Marsh, Asst. Gen. Counsel, State of Ala. Dept. of Industrial Relations, Montgomery, for appellant.

F.M. Bush, III and Thomas D. Murry of Mitchell, McNutt, Bush, Lagrone & Sims, Tupelo, Miss., and Jonathan A. Brown of Young, Gosa & Brown, Vernon, for appellee.

ALMON, Justice.

Under a contract dated January 15, 1979, McCoy Manufacturing Company (McCoy), a Delaware Corporation with its principal place of business in Sulligent, Alabama, acquired certain assets of Vernon Manufacturing Company (Vernon), an Alabama Corporation and a wholly owned subsidiary of Spencer Industries, Inc., a Delaware Corporation. The assets which McCoy received consisted of the land, building, machinery, equipment, office furniture, and fixtures of...

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