Ferris v. Hawkins

OPINION

WEISBERGER, Justice.

This case involves a dispute that arose from an agreement between the parties concerning the acquisition of ownership of the defendant corporation. A nonjury trial resulted in a judgment against only the corporate defendant. Both parties have appealed. We sustain the plaintiff’s appeal and deny and dismiss the appeal of the defendants. The facts as found by the Superior Court justice are as follows.

The plaintiff Richard J. Ferris (Ferris), an optometrist, established the Solitaire Optical Company, Inc. (Solitaire), 1 in 1971. The purpose of incorporation was the…