Livran v. Fowler Tire Service, Inc.

THORNTON, J.,

Pro Tempore.

This is an action at law on a promissory note. The cause was tried before the court without a jury. The court found in favor of the plaintiff and entered judgment against the defendant for the face amount of the note, $4,827, less a credit of $2,034.25 and for attorney’s fees in the sum of $875.

Plaintiff was the president and majority stockholder in defendant corporation (Fowler). In August 1974 he began negotiations with the other stockholders for the sale of his stock to the corporation in return for payment of debts owed him by the corporation and a share of the…