Don King Equipment Co. v. Double D Tractor Parts, Inc.

PHILLIP R. GARRISON, Judge.

This case involves cross appeals from a judgment entered in a contract dispute arising from the sale of a part of the business of Don King Equipment Co. (“King Equipment”) to Double D Tractor Parts, Inc. (“Double D”). We affirm in part, and reverse in part.

King Equipment, owned by Don King (“King”), was in the business of the purchase and sale of new and used farm equipment, parts and salvage. On November 1, 1995, King Equipment and King (“Sellers”) entered into a contract (“the contract”) for a sale of part of that business to Double D, a corporation formed by…