(DOWNLOAD) "Orient Insurance Company v. Cox" by Supreme Court of Arkansas * Book PDF Kindle ePub Free
eBook details
- Title: Orient Insurance Company v. Cox
- Author : Supreme Court of Arkansas
- Release Date : January 23, 1951
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 64 KB
Description
The appellee, Bradley Lumber Company, cut, removed and converted to lumber some five hundred thousand feet of timber from lands belonging to appellant, Burbridge, under the honest but mistaken belief that the land belonged to the Lumber Company. It is stipulated that the market value of the stumpage, i. e., the timber standing in the tree, was $4.50 per thousand, and the cost of converting the timber into lumber was $11.61 per thousand; that the lumber, the finished product, had a market value of $25 per thousand. Adding the value of the stumpage to the cost of conversion makes a total of $16.11 which leaves a net profit of $8.89 per thousand.