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INDIANA INDUSTRIES, INC. v. WEDGE PRODUCTS

No. 3-181A6.

430 N.E.2d 419 (1982)

INDIANA INDUSTRIES, INC., an Indiana Corporation, and Money Management Corporation, Appellants-Defendants below, v. WEDGE PRODUCTS, Inc., an Ohio Corporation, and United Tractor Company, an Ohio Corporation, Appellees-Plaintiffs below.

Court of Appeals of Indiana, Third District.

Rehearing Denied March 17, 1982.

Transfer Denied June 18, 1982.

Attorney(s) appearing for the Case

Rhett L. Tauber, Theodoros, Anderson & Tauber, P.C., Merrillville, for appellants-defendants.

Dawn Wellman, Cohen & Thiros, Merrillville, for appellees-plaintiffs.

STATON, Judge.

Wedge Products, Inc. (Wedge) entered a purchase agreement with Indiana Industries, Inc. (Indiana) for the assets of United Tractor Division of Indiana Industries, Inc. (Tractor).1 The purchase agreement allowed Wedge an adjustment to the purchase price for inventory proving obsolete. Wedge instituted this cause of action to recover that adjustment and the trial court entered judgment for Wedge of $48,358.06 plus pre-judgment...

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