FOLEY v. PECKHAM

No. 71-16.

256 So.2d 65 (1971)

Dan J. FOLEY, Appellant, v. Wesley L. PECKHAM, Appellee.

District Court of Appeal of Florida, Third District.

Rehearing Denied January 21, 1972.


Attorney(s) appearing for the Case

McCune, Hiaasen, Crum, Ferris & Gardner and Eugene L. Heinrich, Ft. Lauderdale, Preddy, Haddad, Kutner & Hardy, Miami, for appellant.

Lane, French, Lane, Carrier & Nichols, Miami, for appellee.

Before PEARSON, CHARLES CARROLL and HENDRY, JJ.


CARROLL, Judge.

On September 17, 1962, the parties entered into a written contract whereby the appellant sold to the appellee all of the corporate stock of a corporation engaged in production and sale of aircraft parts and materials. The sale price was $50,000, of which $2,000 was paid at the outset. The balance was to be paid in monthly payments, based on a stated percentage of amounts represented by sales orders received and accepted by the corporation.

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