Trans West Co. v. Teuscher

This appeal concerns a dispute between individual defendants who, together with a corporation in which they were the only stockholders, were co-vendees under a delinquent real estate contract. Defendants Edward and Florence Teuscher appeal the order of the trial court which declared judgments entered in favor of plaintiff Trans West Company against defendant Teuscher and Jones, Inc., and its individual shareholders to be satisfied as a matter of law. We affirm.

In December 1973 Trans West Company sold real property to defendant Teuscher and Jones, Inc., and its individual shareholders by real…