Ferrell v. Plasti-Drum Corp.

I dissent. I do not agree with the majority’s conclusion that the language of the buyout agreement provides that the five-year successive payments to Bert Ferrell by Plasti-Drum Corporation were to begin with the corporation’s May 1, 1975, to April 30, 1976, fiscal year. Nor do I agree with the majority’s conclusion that the trial court did not estop plaintiff, Bert Ferrell’s widow, from asserting that the first payment was to begin with the corporation’s May 1, 1976, to April 30,1977, fiscal year.

On January 19, 1976, Bert Ferrell and Walter Craig signed a memorandum of the buyout agreement…