Jewett v. Boihem

WOODALL, Justice.

William R. Jewett appeals from a judgment in favor of Lester Boihem in Boi-hem’s action seeking restitution of money he paid Jewett and a company Jewett owned in an aborted business transaction. We affirm.

I. Factual and Procedural Background

This dispute arose out of events that began in approximately December 2005. At that time, Jewett was the sole owner and manager of Accu-Crete, LLC (“the company”). By a “letter of agreement” dated December 21, 2005 (“the letter agreement”), Jewett agreed to sell 50% of the company to Boihem for the sum of $2,000,000. The letter agreement…