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COOVER v. G & J ELEC., INC.

No. 98947; SC 25610.

590 P.2d 720 (1979)

285 Or. 247

Joseph A. COOVER, Respondent, v. G & J ELECTRIC, Inc., an Oregon Corporation, Appellant.

Supreme Court of Oregon, Department 1.

Decided February 21, 1979.

Attorney(s) appearing for the Case

Carl Lloyd Gay, certified law student, and Albert C. Miller, of Claussen, Billman, Coleman & Stewart, P.C., Salem, argued the cause for appellant. On the briefs was Albert C. Miller, Salem.

Edward L. Clark, Jr., of Clark, Marsh & Lindauer, Salem, argued the cause and filed the brief for respondent.

Before DENECKE, C.J., and HOLMAN, HOWELL and LENT, JJ.

DENECKE, Chief Justice.

Plaintiff brought this suit to require the defendant to account for amounts payable to plaintiff under a stock redemption agreement.

The defendant corporation was formed by plaintiff and Jerry Boldt. After four years, plaintiff and Boldt decided that they did not wish to remain in business together. They determined that Boldt would continue the business alone. A stock redemption agreement was drafted by an attorney for Boldt, and executed...

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