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HANKS v. GAB BUSINESS SERVICES, INC.

No. 9312.

626 S.W.2d 564 (1981)

Don K. HANKS, d/b/a Hanks Claims Service, Appellant, v. GAB BUSINESS SERVICES, INC., Appellee.

Court of Appeals of Texas, Amarillo.

Rehearing Denied December 18, 1981.

Second Rehearing Denied January 26, 1982.

Attorney(s) appearing for the Case

Carr, Evans, Fouts & Hunt, Donald M. Hunt, Lubbock, for appellant.

Jones, Trout, Flygare, Moody & Brown, John A. Flygare, Lubbock, for appellee.

Before REYNOLDS, C. J., and DODSON and BOYD, JJ.

BOYD, Justice.

This case arises from a sales contract between appellant Don K. Hanks, d/b/a Hanks Claims Service (hereinafter referred to as "Seller") and appellee GAB Business Services, Inc. (hereinafter referred to as "Buyer"). Buyer purchased the insurance adjustment business of Seller for a total consideration of $95,000.00; $28,000.00 of the consideration was payable upon closing, $33,500.00 due one year from the date of closing, and $33,500.00 payable two years...

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