B & B Liquors, Inc. v. O'NEIL

ANDERSON, J.:

B&B Liquors, Inc., (B&B) brought this breach of contract action against Jeffery O’Neil (O’Neil). The trial court granted B&B summary judgment in a one-sentence form order. We vacate the order and remand to the circuit court.

FACTUAL/PROCEDURAL BACKGROUND

On February 27, 2000, O’Neil contracted with B&B through its sole officer and shareholder, Bruce Meadows (Meadows), to purchase a liquor business. The contract called for an upfront payment of $30,000, thirty-six monthly payments of $2,566, and a balloon payment of $102,136 due at the end of the thirty-six months. The contract…