HOFFMAN, Presiding Judge.
On May 18, 1976, David N. Lindsay and Stephen W. Shambaugh entered into a stock sale agreement in which Shambaugh purchased all of the capital stock in Lakeland Disposal Service, Inc. (Lakeland), an Indiana corporation whose principal business was the operation of an industrial waste disposal site. Lindsay subsequently brought suit for money due on contract and to foreclose security interest when Shambaugh failed to make the final principal...
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