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ABC PLUMBING & HEATING, INC. v. DICK CORP.

684 S.W.2d 84 (1985)

ABC PLUMBING AND HEATING, INC., Plaintiff/Appellee, v. DICK CORPORATION, Defendant/Appellant.

Supreme Court of Tennessee, at Jackson.

January 14, 1985.

Attorney(s) appearing for the Case

Ronald Lee Gilman, Farris, Hancock, Gilman, Branan & Hellen, Memphis, for plaintiff/appellee.

Leo Bearman, Jr., Memphis, for defendant/appellant.

OPINION

LLOYD TATUM, Special Justice.

This is a dispute between the general contractor and subcontractor on a public job as to who is entitled to interest earned on "retainage." The Chancellor held that the contractor was entitled to the interest. In a split decision, the Court of Appeals reversed the Chancellor, holding that the subcontractor should prevail. We reverse the judgment of the Court of Appeals and...

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