Wilson v. Milam

Shulman, Judge.

On June 16, 1978, defendant entered into an agreement with plaintiff to purchase plaintiffs accounting practice. The purchase price was to have been one year’s prospective monthly fees (collected from certain named clients) from July 1,1978 through June 30,1979, to be paid over a period of 80 months. On December 7, 1978, defendant informed plaintiff by certified letter that he would no longer honor the contract of purchase because of what he felt were numerous discrepancies between that for which he contracted and that which he actually received.

Defendant offered a new purchase…