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WASHINGTON HEIGHTS CO. v. FRAZIER

No. 85-887.

409 N.W.2d 612 (1987)

226 Neb. 127

WASHINGTON HEIGHTS CO., a Nebraska Corporation, Appellee, v. James R. FRAZIER, Appellant.

Supreme Court of Nebraska.

July 31, 1987.

Attorney(s) appearing for the Case

Thomas J. Culhane of Erickson & Sederstrom, P.C., Omaha, for appellant.

Keith I. Frederick of Schmid, Ford, Mooney & Frederick, P.C., Omaha, for appellee.

BOSLAUGH, WHITE, HASTINGS, CAPORALE, SHANAHAN, and GRANT, JJ., and COLWELL, District Judge, Retired.

PER CURIAM.

On September 23, 1983, plaintiff-appellee, Washington Heights Co., a Nebraska corporation, entered into an agreement to purchase the shares of its capital stock then owned by defendant-appellant, James R. Frazier. At about the same time, Richard Schurkamp agreed to purchase Frazier's interest in Grover Square, Ltd., a partnership. Each agreement required the purchaser to pay Frazier a base price which was subject to being increased, but not decreased,...

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