Auldridge v. Rivers

Adams, Judge.

R. S. Auldridge appeals the grant of summary judgment to his business partner, James Rivers, on his claim for specific performance on the sale of his corporate stock. Auldridge contends that the trial court misinterpreted and misconstrued the terms of an agreement that obligated him to sell his stock to Rivers.

Rivers and Auldridge incorporated a business known as Bo’s Machines, Inc. on October 26, 1992. Thereafter, Rivers operated Bo’s Machines on a day-to-day basis while Auldridge remained as silent partner. On June 22, 1995, Rivers and Auldridge, who each owned fifty percent of…