TECH RESOURCES v. ESTATE OF HUBBARD

36401.

246 Ga. 583 (1980)

272 S.E.2d 314

TECH RESOURCES, INC. v. ESTATE OF HUBBARD et al.

Supreme Court of Georgia.

Decided October 29, 1980.


Attorney(s) appearing for the Case

William E. Hoffmann Jr., Robert H. Hishon, for appellant.

A. Felton Jenkins, for appellees.


CLARKE, Justice.

Hubbard, Jackson and Kanter (sellers) were the owners of all of the shares of three corporations engaged in the coal business. The sellers entered into contracts with Tech Resources, Inc., under which they agreed to sell all of the shares of the three corporations to Tech Resources, and Tech Resources agreed to assume certain financial obligations of the corporations. In order to secure the performance of the financial obligations, Tech Resources...

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