Legal Opinion
Payne v. Cunningham
Missouri Court of Appeals
Decided April 24, 2018No. Nos. ED 105712; ED 105850PublishedCited by 14 opinions
1Opinion of the CourtLisa Van Amburg, Judge
Aaron Payne and Dominic Petrulli (Appellants) appeal the trial court's directed verdict in favor of Wayne Cunningham and Southtown Dodge, Inc. (Sellers) in this contract dispute involving the sale of the dealership. We reverse and remand.
Background
In 2016, the parties negotiated a Stock Purchase Agreement (SPA) by which Sellers would sell Southtown Dodge to Appellants and their colleague Curtis Pratt (collectively Buyers) in two phases. First, Buyers were to purchase 21% of the dealership for $500,000 cash. Second, and only after the dealership's debt was paid down to a specific amount,…
2Cases cited16 opinions
- State Ex Rel. Leonardi v. SherrySupreme Court of Missouri · 2004
- City of Creve Coeur v. Creve Coeur Fire Protection DistrictSupreme Court of Missouri · 1962
- Schaefer v. KosterSupreme Court of Missouri · 2011
- Shelter Mutual Insurance Co. v. VulgamottMissouri Court of Appeals · 2003
- Barron v. Shelter Mutual Insurance Co.Supreme Court of Missouri · 2007
11 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Nelson v. Farm Bureau Town & Country Ins. Co. of Mo.Missouri Court of Appeals · 2018
- Potter v. Hy-Vee, Inc.Missouri Court of Appeals · 2018
- Andrew Niemeier v. Charles Russell Williams, III and Green Peak Capital Partners, LLCMissouri Court of Appeals · 2024
- Bassam Khalil, and B-CO, LLC, Respondents/Cross-Appellants v. 3HB Corporation d/b/a Hale Communications, Appellant/Cross-Respondent.Missouri Court of Appeals · 2021
- Cordell Nichols, Jr. v. Thomas McCarthyMissouri Court of Appeals · 2020
9 more not listed; retrieve them via the Exa API.