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BANK OF LEXINGTON v. JACK ADAMS AIRCRAFT SALES, INC.

No. DC 75-26-S.

416 F.Supp. 17 (1976)

BANK OF LEXINGTON, Plaintiff, v. JACK ADAMS AIRCRAFT SALES, INC., Defendant.

United States District Court, N. D. Mississippi, Delta Division.

April 23, 1976.

Attorney(s) appearing for the Case

Charles L. Sullivan, Sullivan, Smith & Hunt, Clarksdale, Miss., for plaintiff.

Semmes Luckett, Roberson, Luckett & Roberson, Clarksdale, Miss., for defendant.

MEMORANDUM OF DECISION

ORMA R. SMITH, District Judge.

The central issue in this case for the court to determine is which of two innocent parties will find itself $18,000 poorer on account of a third party's default on a contractual obligation.

On December 26, 1972, the defendant, Jack Adams Aircraft Sales, Inc., (hereinafter "Adams") and Buckeye Air Service, Inc., (hereinafter "Buckeye") entered into an...

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