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MARIETTA YAMAHA, INC. v. THOMAS

31533, 31534.

237 Ga. 840 (1976)

229 S.E.2d 753

MARIETTA YAMAHA, INC. et al. v. THOMAS; and vice versa.

Supreme Court of Georgia.

Decided October 19, 1976.

Rehearing Denied November 2, 1976.

Attorney(s) appearing for the Case

Northcutt, Edwards & Germano, W. S. Northcutt, Joseph F. Page, for appellants.

Cofer, Beauchamp & Hawes, Peyton S. Hawes, Jr., Peter B. Glass, for appellee.

Rehearing Denied November 2, 1976. In Case No. 31534.

NICHOLS, Chief Justice.

Dunwoody and Thomas each owned 50 percent of the stock in Marietta Yamaha, Inc. There was a disagreement between them as to the management of the business and Dunwoody negotiated to buy Thomas' interest. An agreement was entered into whereby the corporation would purchase Thomas' stock, thereby leaving Dunwoody as the sole stockholder. Paragraph 5 and 6 of the agreement contained...

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