Llewellyn v. Borin

CORNELIUS, Chief Justice.

Robert Llewellyn appeals from a take nothing judgment rendered against him in his breach of contract suit against S. R. Borin.

Llewellyn was the owner of a business known as TV Host Magazine of Tarrant County. The sole asset of the business was a “Distributorship Agreement” executed between Llewellyn and the publisher of TV Host Magazine, Omni Industries, Inc., of Dallas, Texas. On August 10,1973, Llewellyn sold his rights under the distributorship agreement to Borin. The contract of sale obligated Borin to pay Llewellyn $5,000.00 down and an additional $15,000.00 in…