UNION KOL-FLO CORP. v. BASIL


64 A.D.2d 861 (1978)

Union Kol-Flo Corporation et al., Respondents, v. Donald J. Basil et al., Appellants

Appellate Division of the Supreme Court of the State of New York, Fourth Department.

July 13, 1978


Order unanimously modified in accordance with memorandum and, as modified, affirmed, with costs, to defendants.

Memorandum:

Before plaintiff Ernest R. Edmunds sold his then solely owned corporation, Edmunds Manufacturing Co., Inc. (EMC), to plaintiff Union Kol-Flo Corporation, he had "bought out" the 25% interest in EMC which was owned by Donald J. Basil and wife. In the contract of sale of his interest in EMC, dated...

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