Kottis v. Cerilli

OPINION

SHEA, Justice.

This case comes before us on the plaintiffs’ appeal of the granting of a directed verdict following the close of their case. The defendants had entered into an agreement with the plaintiffs under which they were to purchase the plaintiffs’ stock. The trial justice directed a verdict for the defendants in this breach-of-contract action finding that, even assuming for purposes of the motion that the defendants were in breach, the plaintiffs failed to prove that they were ready, willing, and able to close on the date set for closing. We reverse.

At the time of the alleged…