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PROCTOR v. GREEN

No. 01-84-73-CV.

673 S.W.2d 390 (1984)

Gerald R. PROCTOR, et al., Appellants, v. Edward J. GREEN, Appellee.

Court of Appeals of Texas, Houston (1st Dist.).

June 21, 1984.

Attorney(s) appearing for the Case

Darrel E. Reed, Jr., A.J. Dyess, Jr., Thomas H. Lee, Foreman & Dyess, Houston, for appellants.

Michael A. McEnrue, Brink, Mosier, Fitzgerald, McEnrue, Stephanow & Licata, Houston, for appellee.

Before EVANS, C.J., and BULLOCK and WARREN, JJ.

OPINION

WARREN, Justice.

This is an appeal by writ of error from a default judgment in a suit to revoke a contract for the sale of several businesses.

Appellant, Gerald R. Proctor, as president of Hickory Hut, Inc., contracted to sell the Corporation's interest in four barbeque restaurants to appellee, Edward J. Green. The contract provided that in consideration for the sale, Green would transfer certain rubies "with a $625,000.00 GIA appraised value...

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