Johnson Group, Inc. v. Mead

OPINION

McDONALD, Chief Justice.

This is an appeal by defendants Johnson from judgment awarding plaintiff Mead various damages totalling $22,385.53 in a breach of contract case.

On December 19, 1975 plaintiff and defendants entered into a contract entitled “Purchase-Sell Agreement” for the purchase by defendants of plaintiff’s real estate business known as Century 21/Associ-ated Real Estate. In this contract: A) Defendants agreed to: 1) Pay plaintiff $3000; 2)Assume plaintiff’s Small Business Administration Loan; 3) Pay in full all trade and business-related debts owed by Century 21 by March 1,…