Max Nisson, Plaintiff-Counter-Defendant-Appellant-Cross-Appellee v. Nell W. Lundy, Defendant-Counter-Claimant, Appellee-Cross-Appellant

Defendant, Nell W. Lundy, sold all the shares of common stock in Martin & Jones, a Georgia corporation, to plaintiff, Max Nisson. This litigation has resulted from disagreement about the negotiation and sale of Lundy’s wholesale produce and food purveying business. Nisson agreed to pay $50,000 cash as a down payment and $300,-000 in a non-interest bearing promissory note, payable in $10,000 monthly installments. 1 The plaintiff also agreed to pay an amount equal to the cost of all resalable produce inventory held by Martin & Jones at the closing of the sale. The defendant agreed to deliver…