On July 24, 1984, plaintiff and the defendant Gerald Bernard executed an agreement whereby plaintiff transferred its 50% interest in Select Professional Realties, Ltd. (Select) to Bernard, giving him 100% ownership of that corporation, and whereby the parties agreed to discontinue litigation then pending between them. The agreement further provided that Bernard was to pay plaintiff a total of $75,000: $10,000 upon execution, and $65,000 to be paid in monthly installments...
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