Legal Opinion

Christacos v. Blackie's House of Beef, Inc.

District of Columbia Court of Appeals

Decided December 7, 1990No. 89-511PublishedCited by 24 opinions

1Opinion of the Court

FARRELL, Associate Judge:

The primary question on this appeal is whether the principle that ownership of stock in a corporation is not ownership of an interest in the corporate assets may be applied so as to defeat the manifest intent of parties to an agreement. Specifically, we must decide whether, when appellant sold 100% of the stock — but not the assets — of a closely held corporation to a third party, he triggered a provision in a previous agreement to pay an additional $50,000 to the person (appellee) from whom, in the name of the corporation, appellant had purchased a restaurant. In…

2Cases cited16 opinions

  1. Chicago, Milwaukee & St. Paul Railway Co. v. Minneapolis Civic & Commerce Ass'nSupreme Court of the United States · 1918
  2. Holland v. HannanDistrict of Columbia Court of Appeals · 1983
  3. Camp v. GressSupreme Court of the United States · 1919
  4. 1010 Potomac Associates v. Grocery Manufacturers of America, Inc.District of Columbia Court of Appeals · 1984
  5. Rhode Island Hospital Trust Co. v. DoughtonSupreme Court of the United States · 1926

11 more not listed; retrieve them via the Exa API.

3Cited by24 opinions

  1. Segar v. MukaseyCourt of Appeals for the D.C. Circuit · 2007
  2. Abdelrhman v. AckermanDistrict of Columbia Court of Appeals · 2013
  3. Call of the Wild Movie, LLC v. DOES 1-1,062District Court, District of Columbia · 2011
  4. Aronoff v. Lenkin Co.District of Columbia Court of Appeals · 1992
  5. Dano Resource Recovery, Inc. v. District of ColumbiaDistrict of Columbia Court of Appeals · 1993

19 more not listed; retrieve them via the Exa API.

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