Kenney v. Porter

OPINION

YOUNG, Justice.

This appeal of a take nothing judgment involves the application of a buy-sell agreement as it relates to the sale of stock of a closely-held corporation. Clarence Kenney and wife, Nelldean, as dissatisfied stockholders of Valley Plumbing Company sought, among other things, specific performance of an unsigned contract of sale of corporate stock against John Porter and wife, Dorothy. The plaintiffs alleged that they were entitled to relief under the terms of the “Agreement of Purchase and Sale” previously executed by the parties.

The defendants contended primarily that the…