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LADWIG v. SHAFFER

No. 20801.

390 P.2d 67 (1964)

Frank W. LADWIG and Margaret H. Ladwig, Plaintiffs in Error, v. L. M. SHAFFER, Defendant in Error.

Supreme Court of Colorado, In Department.

Rehearing Denied March 23, 1964.

Attorney(s) appearing for the Case

Raymond Duitch, Colorado Springs, for plaintiffs in error.

Gallagher & Wills, Colorado Springs, for defendant in error.

SUTTON, Justice.

This is an action to recover money alleged to be due on a contract.

The record discloses that the Ladwigs desired to purchase Shaffer's Tractor and Implement Company in Colorado Springs. Shaffer indicated he would sell for $15,400.00, which was "roughly the inventory value of his business". Apparently, the Ladwigs objected to paying such a sum as a capital investment. Thereafter, the parties entered into two separate written agreements...

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