New York Telephone Company, Appellant v. Jamestown Telephone Corporation, Respondent

Summary

The New York Court of Appeals affirmed the lower court's judgment that the traffic agreement between New York Telephone Company and Jamestown Telephone Corporation terminated on March 1, 1932 as provided by the contract's notice provision. Because the notice was not withdrawn, the parties' post‑termination obligations are measured by reasonable value, not by the expired contract's rates.