Automated Print, Inc. v. Edgar

JOHNSON, Presiding Judge.

This is a breach of contract case in which the trial court granted summary judgment to the plaintiff on the issue of liability, and a jury then determined the amount of damages. Judgment was entered on the verdict, and the defendants appeal.

Randolph Edgar sold his business, Automated Print, Inc., to William Barney. Edgar, who owned 100 percent of the shares of stock in Automated Print, Inc., sold all of the shares to Barney for $140,000 pursuant to a stock purchase agreement. The stock purchase agreement provides that Barney would execute at closing two promissory…