JACKSON v. LAYTON

65825.

167 Ga. App. 450 (1983)

306 S.E.2d 716

JACKSON v. LAYTON.

Court of Appeals of Georgia.

Decided July 13, 1983.


Attorney(s) appearing for the Case

Michael R. Hauptman, for appellant.

G. Michael Hartley, Martha Mullins, for appellee.


CARLEY, Judge.

Appellant-defendant and appellee-plaintiff entered into a business venture. As a consequence of this agreement, appellee borrowed from a bank approximately $5,000, and invested that amount into the business. Some time later, the parties agreed to terminate the business venture and appellant agreed to buy out appellee's interest in the business. Appellee testified at trial that he then transferred his stock in the business to appellant in consideration...

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