Olivares v. Zars

BARROW, Chief Justice.

Appellee brought this suit against Southwest Amalgamated Properties and Securities, Inc., (SWAPS) and eight individuals, including appellant, who comprised the board of directors of SWAPS, for specific performance of a contract to repurchase 10,000 shares of stock transferred to appel-lee in part payment for the business he sold SWAPS. A summary judgment was entered against all defendants, but only Joe Olivares has perfected an appeal.

The motion for summary judgment was supported by the uncontroverted affidavit of appellee. From same the following facts are established.…