Precision Label Industries, Inc. v. Jones

McMurray, Presiding Judge.

On July 1, 1982, Charles R. Jones (defendant), the president and sole stockholder of Atlanta Tape & Label Company, Inc. (ATL), entered into an agreement in his individual and corporate capacity, with Precision Label Industries, Inc. (plaintiff) for the sale of ATL’s label making business. Pursuant to the sales contract, defendant was to provide plaintiff sales information, through May 31, 1982, which would reflect the value of ATL’s label making business as of the date of the sales agreement. Defendant did not comply with this provision and instead provided plaintiff…