Pace Corporation v. Jackson

ARCHER, Chief Justice.

This is an appeal from a judgment of the court, based on jury findings, awarding ap-pellee $19,000 as damages for the breach of paragraph (E) of the contract and agreement entered into by the parties hereto for the sale and purchase of certain capital stock in Pace Corporation.

The contract and agreement provided for the purchase of certain shares of stock from appellee and the amount and manner of payment, and paragraph one is as follows:

‘‘First: As part of the consideration for this transaction, Allan Jackson agrees and is bound not to re-engage in the handling of sales…