Salley v. Salley

DOUCET, Judge.

This appeal concerns the alleged breach of an express warranty contained in a stock redemption agreement.

James W. Salley, Inc. is a small family-owned corporation. Prior to 1986, all the stock therein was owned by James W. Salley, Sr., his sons, Richard and Curtis, (collectively hereinafter called Sellers), his wife, Mildred S. Salley, and sons, James Jr. and Robert, (collectively hereinafter called Buyers). Until 1986, the corporation was controlled by James Salley, Sr. In early 1985, Mr. and Mrs. Salley separated. They were divorced on June 12, 1986.

On July 7,1986, a stock…