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WARREN CHEVROLET, INC. v. BEMIS

No. 3-89-0320.

197 Ill. App.3d 680 (1990)

555 N.E.2d 101

WARREN CHEVROLET, INC., Plaintiff-Appellee, v. BRIAN BEMIS, Defendant-Appellant.

Appellate Court of Illinois — Third District.

Opinion filed May 18, 1990.

Attorney(s) appearing for the Case

Barbara Slingerland, of Gallagher, Klein & Brady, of De Kalb (T. Jordan Gallagher, of counsel), for appellant.

Califf, Harper, Fox, Dailey, Slover & Moorhouse, P.C., of Moline (Roger L. Strandlund, of counsel), for appellee.

Judgment affirmed.

JUSTICE STOUDER delivered the opinion of the court:

This appeal concerns a contract dispute. Brian Bemis (Bemis) and Warren Chevrolet, Inc. (the company), entered into certain agreements whereby Bemis was to become employed with the company and would have the right to purchase 25% of the business. It was further agreed that in the event Bemis' employment was terminated, the company would be allowed to repurchase all of his shares at "book...

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