Tallman v. Durussel
Court of Appeals of Washington
1Opinion of the Court
Ringold, A.C.J.
Robert Durussel appeals a summary judgment holding him liable for principal and interest due on a promissory note payable to Burns Tallman. The facts are not in dispute.
Appellant Durussel entered into an agreement with respondent Tallman, to purchase 25 percent of the common stock of Tallman Machinery Company for $50,000. As part of this transaction, Durussel paid cash in the amount of $21,784.78 and on August 15, 1981, signed a promissory note in the sum of $28,215.22. Payments of $750 were to be made every month until the note was paid.
Seven months later, the corporation…
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