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Gaite vs. Fonacier: Mining Claims Dispute by mgbautistalla is a document available to read on EtoBox.
What is Gaite vs. Fonacier: Mining Claims Dispute about?
This document is a summary of a Supreme Court case from 1961 regarding a dispute over an agreement for the development and sale of iron ore mining claims. The plaintiff had been developing the claims under an agreement but the agreement was later revoked. As part of the revocation, the plaintiff transferred rights to approximately 24,000 tons of extracted iron ore for $75,000, with $65,000 to be paid later. The defendants failed to pay the $65,000 balance when the surety bond expired, so the plaintiff sued.
- Author
- mgbautistalla
- Language
- EN