Match Point, Ltd. v. Adams

Shulman, Judge.

Appellants Carver, Chao, and Hodges bought all the stock of the corporate appellant from the wives of appellees. Included in the sales contract was an obligation on the part of the individual appellants to pay certain sums to appellees. This suit was brought by appellees against the corporation, alleging that it was liable to them on specified loans made by them to the corporation, and against the individual appellants, alleging that they were liable to appellees under the sales contract and closing agreement executed in the transfer of the appellant corporation. Appellants…