Brink Distributors, Inc. v. J. Evans Associates, Inc.

Brian and Nancy Brereton and their company Brink Distributors [herein collectively, “Brereton”] appeal the denial of interest and the amount of damages they were awarded. While a new trial is not required, we must reverse for farther proceedings on two issues. For $591,000, Brereton bought a distributorship from James Evans and his business J. Evans Associates [herein collectively, “Evans”]. In addition to paying more than $800,000 in cash, Brereton executed a promissory note for the balance of the price, $225,-868.22. This sum was to be amortized over 15 years at 8% per annum. Brereton made…