Harper v. Freeman

*2OPINION OF THE COURT BY

PADGETT, J.

This is an appeal from a judgment below rendered in favor of the defendant-appellee after a jury-waived trial. Because of errors of law, we reverse.

On or about January 9, 1972, after some preliminary negotiations, an agreement was entered into whereby the appellant agreed to sell all of the outstanding shares of a corporation, Waper, Inc., to four persons of whom the appellee was one. Under the agreement, the purchasers agreed to pay appellant $1,000 down and $ 15,000 by way of a promissory note and agreed jointly and severally to assume certain named…