Mills Engineering Co. v. Arthur

This situation arises out of a breach of contract action. A summation of the facts is as follows. The plaintiff, Mills Engineering Company, Inc., sought to recover damages against the defendants, Kenneth Arthur and Milton Florest, Jr., for allegedly *4breaching their obligations under a contract for the purchase and sale of the assets - i.e., the name, goodwill, inventory and equipment, of the plaintiff s business, Mills Engineering Company, Inc. The defendants had executed a note for the purchase price of the business, less the amount of a down payment which had been made. The defendants had…