Burness v. Bruce

Defendant appeals a judgment for plaintiff on his claims for breach of contract, for foreclosure of a security interest and for defendant on his counterclaim. We remand for entry of a judgment not inconsistent with this opinion.

In September, 1980, plaintiff and defendant entered into two contracts. The first was a stock sale agreement in which plaintiff agreed to sell defendant all outstanding common stock in his automobile dealership for $261,635. The second was a noncompetition agreement under which, in exchange for $50,000, plaintiff agreed not to compete with defendant’s new dealership.…