Albee v. Maverick Media, Inc.

Ronald J. Albee, personal representative of the estate of Bob Ray Albee, deceased, and the heirs of Bob Ray Albee, all the preceding collectively designated as “Albees,” brought a breach of contract action based on a stock purchase agreement against Maverick Media, Inc. After á bench trial, the district court found that Maverick owed Albees $50,000 pursuant to the agreement, but awarded Maverick a setoff of $17,661.39. Maverick appealed, and Albees cross-appealed. We affirm the district court’s judgment in part and reverse and modify in part.

STANDARD OF REVIEW

In a bench trial of a law action,…