Drews Co. v. Ledwith-Wolfe Associates, Inc.
South Carolina Supreme Court
296 S.C. 207, 371 S.E.2d 532 (1988)
- Written by Sean Carroll, JD
Facts
The Drews Company, Inc. (Drews) (plaintiff) contracted to renovate a building for Ledwith-Wolfe Associates, Inc. (Ledwith) (defendant). Ledwith intended to open a restaurant in the building. The parties ran into disagreements about the project from the beginning, and eventually Drews stopped performance. Drews brought suit for breach of contract and Ledwith counterclaimed, seeking among other things, lost profits resulting from construction delays. As evidence of lost profits, Ledwith provided evidence of gross profits the restaurant made in the months following the eventual completion of the construction. Ledwith’s owner testified that he “would expect at least a third of that [gross figure] to be” net profit. The trial court found in favor of both parties on their contract claims. The trial court awarded Ledwith $14,000 in lost profits. Drews appealed with respect to the award of lost profits.
Rule of Law
Issue
Holding and Reasoning (Harwell, J.)
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