Koenig v. Watsco, Inc.

HENDRY, Judge.

These appeals arose out of an action brought in the circuit court by Mr. and Mrs. Melvin Koenig to collect the purchase price for the sale on April 29, 1967, of two corporations as going businesses. Defendant Sun Engineering Corporation, a subsidiary of defendant WATSCO, Inc. (a publicly held company), purchased from the Koenigs all the assets of Castle Products, Inc. and Clinic Drug .& Chemical Co., which manufactured and sold plastics. The total assets of the Koenigs’ two corporations originally cost approximately $325,000.00.

At the closing, Sun Engineering paid the Koenigs…