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HONOLULU RAPID TRANSIT COMPANY v. PASCHOAL

No. 4713.

449 P.2d 123 (1968)

HONOLULU RAPID TRANSIT COMPANY, Limited, a Hawaii Corporation v. Ernest G. PASCHOAL.

Supreme Court of Hawaii.

December 12, 1968.

Attorney(s) appearing for the Case

David R. Carroll, Honolulu (Robertson, Castle & Anthony, Honolulu, of counsel), for appellant.

William R. Loomis, Jr., Honolulu (Harold W. Conroy, Honolulu, on the brief; Henshaw, Hon. Haw. Conroy & Hamilton, Honolulu, of counsel), for appellee.

Before RICHARDSON, C.J., MARUMOTO, ABE and LEVINSON, JJ., and Circuit Judge LAURETA Assigned by Reason of Vacancy.

ABE, Justice.

This case raises the issue whether appellee, Ernest G. Paschoal, had agreed to sell to appellant, Honolulu Rapid Transit Company, Ltd., all of the shares of stock of Paschoal's, Ltd.

On Saturday, January 14, 1967, appellee and appellant's corporation president, Weinberg, had entered negotiation for the sale of Paschoal's, Ltd. Paschoal had quoted a price of $100,000, and Weinberg had countered with the figure of $75,000.

In the Saturday...

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