Opinion only. pla. engaged in lumber business in Columbia, TN. For its own use & use of certain fire insurance companies, pla. sued Def, alleging it breached contract to furnish Ptlff's fire plugs w/ample water supply for fire extinguishment purposes & its failure to do so caused dmg when fire broke out at pla.'s lumber yard. (Prior to contract, 3 Cole brothers comprised Cole Bros, Iowa corp, but corp dissolved before contract.) Chancellor ruled angst pla.; SC rev'd. SC opin marked "For Publication"