Legal Opinion
ASA Architects, Inc. v. Schlegel
Ohio Supreme Court
Decided July 3, 1996No. 95-321PublishedCited by 10 opinions
1Opinion of the CourtDouglas, J.
The sole issue before this court is whether ASA is obligated by virtue of the May 25, 1982 stock purchase agreement to purchase the two hundred twenty shares of stock owned by Schlegel. The 1982 agreement does not specify what would happen to the agreement in the event of the company’s merger with another corporation. Moreover, a new stock purchase agreement was not executed by the parties following the merger.
The court of appeals, citing Searl v. Cozad (App.1935), 19 Ohio Law Abs. 275, held, and ASA agrees, that the continued viability of the 1982 stock purchase agreement hinged on the…
2Cases cited3 opinions
- Morris v. Investment Life Ins.Ohio Supreme Court · 1971
- Endres Floral Co. v. EndresOhio Supreme Court · 1995
- Searl v. CozadOhio Court of Appeals · 1935
3Cited by10 opinions
- Cincom Systems, Inc. v. Novelis Corp.Court of Appeals for the Sixth Circuit · 2009
- State ex rel. Occidental Chemical Corp. v. Bureau of Workers' CompensationOhio Supreme Court · 2001
- U.S. Bank, N.A. v. BennettOhio Court of Appeals · 2012
- MidFirst Bank v. CicorettiOhio Court of Appeals · 2023
- ASA Architects, Inc. v. SchlegelOhio Supreme Court · 1996
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