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State court of last resort · ST-VA-SC
Virginia Fuel Corp. v. Lambert Coal Co.
No. 150317Supreme Court of Virginia
150317 Virginia Fuel Corp. v. Lambert Coal Co. 01/07/2016 The circuit court did not err in granting summary judgment in favor of a plaintiff that sold coal lease assets to one of the defendants for $2.5 millio…
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150317 Virginia Fuel Corp. v. Lambert Coal Co. 01/07/2016 The circuit court did not err in granting summary judgment in favor of …
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- Supreme Court of Virginia
- First seen
- Oct 4, 2026
- Last entry
- Jan 7, 2016
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150317 Virginia Fuel Corp. v. Lambert Coal Co. 01/07/2016 The circuit court did not err in granting summary judgment in favor of a plaintiff that sold coal lease assets to one of the defendants for $2.5 million, in a transaction involving $40,000 per month payments to complete the purchase price. In this breach of contract action, the purchaser admitted that just over $1 million remained unpaid, and the circuit court correctly concluded that the purchaser was not excused from paying the full amount of the deferred purchase price because it found less mineable coal on the lease than it expected. The other defendant in this case admitted that it had guaranteed payment in full of the deferred…
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