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MOTOR DISPATCH, INC. v. BUGGIE

No. 3-875A161.

379 N.E.2d 543 (1978)

MOTOR DISPATCH, INC., Appellant (Plaintiff below), v. William F. BUGGIE, Appellee (Defendant below).

Court of Appeals of Indiana, Third District.

August 23, 1978.

Attorney(s) appearing for the Case

William J. Moran, Hammond, for appellant.

James K. Whitaker, Hammond, for appellee.

STATON, Judge.

Motor Dispatch, Inc. was engaged in the general trucking business. William F. Buggie was president of the business and he was one of four members of the Board of Directors. Buggie, having been unsuccessful in his attempt to buy out the other three shareholders, sold his common stock interest to Motor Dispatch, Inc. for $32,500. He was to receive $5000 within 30 days and an "Installment Note — No Security" (Note) for the $27,500 balance. Motor...

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