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GRIESE-TRAYLOR CORP. v. LEMMONS

No. 1-979A241.

424 N.E.2d 173 (1981)

GRIESE-TRAYLOR CORPORATION, Defendant-Appellant, v. Floyd N. LEMMONS and Margaret J. Lemmons, Plaintiffs-Appellees.

Court of Appeals of Indiana, First District.

Rehearing Denied September 15, 1981.

Transfer Denied December 14, 1981.

Attorney(s) appearing for the Case

A. Thomas Cobb, Kightlinger, Young, Gray & De Trude, Indianapolis, for defendant-appellant.

Michael K. Phillips, S. Anthony Long, Phillips & Long, Boonville, for plaintiffs-appellees.

STATEMENT OF THE CASE

NEAL, Presiding Judge.

Defendant Griese-Traylor Corporation (Griese-Traylor) appeals the judgment of the Gibson Circuit Court awarding plaintiffs Floyd and Margaret Lemmons $227,059.88 in damages for breach of contract.

STATEMENT OF THE FACTS

On August 23, 1974, in Evansville, Indiana, Griese-Traylor entered into a contract to purchase the entire capital stock of Lemmons and Company, Inc. (Lemmons and Company) from...

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