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UTOPIA COACH CORP. v. WEATHERWAX

No. 3-776A175.

379 N.E.2d 518 (1978)

UTOPIA COACH CORPORATION AND POLORON PRODUCTS, Inc., Appellants-Defendants, v. Gary WEATHERWAX, Appellee-Plaintiff.

Court of Appeals of Indiana, Third District.

August 21, 1978.

Attorney(s) appearing for the Case

Kenneth P. Fedder, South Bend, for appellants-defendants.

Anthony J. Iemma, Elkhart, Gerald A. Kamm, South Bend, for appellee-plaintiff.

STATON, Judge.

Gary Weatherwax and Poloron Products, Inc. executed a Sales Exchange Contract, through which Weatherwax exchanged his entire interest in Utopia Coach Corporation for Poloron stock. Pursuant to the contract, Weatherwax also executed an Employment Contract with Utopia. Contrary to expectations, Utopia subsequently operated at a loss. Poloron terminated Weatherwax and sold Utopia. Weatherwax brought an action for breach of contract. The trial court awarded...

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