Alghita v. Universal Investment & Manufacturing Co.

McMurray, Presiding Judge.

On June 21, 1982, an agreement to transfer and reacquire stock of “Universal Investment & Manufacturing Co.” (hereinafter referred to as “UIMCO”) was executed by Heavy Machines Company, Inc. (Adnan Alghita, president). The agreement was referred to as being one between Alghita and UIMCO, but Alghita did not sign same except as president of Heavy Machines Company, Inc. (hereinafter referred to as “HMC, Inc.”). The President of UIMCO, Hisham Araim, executed the agreement for this corporation. Simultaneously therewith, in consideration of the mutual covenants, UIMCO and…