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AMC/JEEP OF VERO BEACH, INC. v. FUNSTON

No. 79-1452.

403 So.2d 602 (1981)

AMC/JEEP OF VERO BEACH, INC., and Roy Chapin, III, Appellants, v. James E. FUNSTON and Clark & Funston, Inc., a Florida Corporation, Appellees.

District Court of Appeal of Florida, Fourth District.

September 16, 1981.

Attorney(s) appearing for the Case

Michael O'Haire and Thomas Thatcher of Smith, O'Haire, Thatcher & Quinn, Vero Beach, for appellants.

Samuel A. Block of Vocelle, Gallagher & Block, Vero Beach, for appellees.

HURLEY, Judge.

This appeal concerns the failure of a recently acquired auto dealership. Joseph Clark and James Funston purchased the assets of AMC/Jeep of Vero Beach, Inc. They, in turn, formed Clark & Funston, Inc. and operated the AMC/Jeep dealership for approximately eight to ten months. When the business failed, they instituted suit against the corporate seller, AMC/Jeep of Vero Beach, Inc., and its president/majority stockholder, Roy Chapin, III. A bench...

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