Greenwood v. Rotfort

BROWN, J.:

This is an appeal from a final- decree ordering the specific performance of a contract.

In Miami, in 1941, Jack Miller and Sol Rotfort, appellee here, formed a corporation under the name of Blue Ribbon Laundry of Miami, Inc., the capital stock consisting of 60 shares, Miller owning 40 shares and Rotfort 20. Miller contributed $9000.00 in cash to the venture, and Rotfort contributed $1500.00 in cash and some trucks and g:ood will, amounting in all to the value of $4500.00. About two months later Rotford agreed to buy Miller out and to this end he gave Miller a promissory note for…