King v. Oxford

Bell, Judge:

In this action James Donald King seeks specific performance of a contract for the sale of a business corporation wholly owned by Mary D. Oxford. The circuit court dismissed Oxford’s counterclaim for fraud on a motion for summary judgment. After trial on the remaining issues, the court decreed specific performance, but retained jurisdiction to determine the value of the corporation in the event the parties waived their contractual right to arbitration. We affirm the dismissal of Oxford’s counterclaim, but vacate the decree of specific performance and remand for further proceedings.

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