Defendants Paul and Harry Gottlieb owned 55 of the 100 shares of stock in a close corporation which was in the retail hardware business. They entered into a written agreement, dated December 31, 1979, to sell their shares to plaintiffs for $25,000 in cash and two promissory notes for about $50,000 due August 2, 1980. In addition, it was agreed that the corporation would give a promissory note to Paul Gottlieb for approximately $5,500, payable at the same time as the other...
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