Sheetz v. Spagnol

Opinion by

Cercone, J.,

This is an appeal in an assumpsit action which was tried nonjury on a stipulated set of facts and in which the issue presented was whether there was personal liability on the part of the individual defendant Spagnol for the payment of $20,000 “as per Paragraph 2” of the Agreement entered into between plaintiffs and defendant.

Under paragraph. 1 of that agreement, Spagnol purchased from plaintiffs all of the stock of the Penn Albert Corporation at a “sales price” of $15,000, which sales price he has paid.

That paragraph reads as follows:

“1. First parties shall on July 1,…