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CHRISTACOS v. BLACKIE'S HOUSE OF BEEF

No. 89-511.

583 A.2d 191 (1990)

George CHRISTACOS, Appellant, v. BLACKIE'S HOUSE OF BEEF, INC., Appellee.

District of Columbia Court of Appeals.

Decided December 7, 1990.

Attorney(s) appearing for the Case

Jonathan J. Goldberg, with whom Harry W. Goldberg and Thomas A. Gentile, Chevy Chase, Md. were on the brief, for appellant.

Richard T. Tomar, with whom Dimitri P. Mallios, Washington, D.C. was on the brief, for appellee.

Before ROGERS, Chief Judge, and SCHWELB and FARRELL, Associate Judges.

FARRELL, Associate Judge:

The primary question on this appeal is whether the principle that ownership of stock in a corporation is not ownership of an interest in the corporate assets may be applied so as to defeat the manifest intent of parties to an agreement. Specifically, we must decide whether, when appellant sold 100% of the stock—but not the assets—of a closely held corporation to a third party, he triggered...

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