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BRIGMAN v. DEJUTE

1900579.

593 So.2d 51 (1991)

John K. BRIGMAN and JoAnn Brigman v. Frank DEJUTE.

Supreme Court of Alabama.

Rehearing Denied January 24, 1992.

Attorney(s) appearing for the Case

W. Lee Thuston and Mac B. Greaves of Sadler, Sullivan, Herring & Sharp, Birmingham, for appellants.

Lisa A. Wright of Berkowitz, Lefkovits, Isom & Kushner, Birmingham, for appellee.

HORNSBY, Chief Justice.

John K. Brigman was the sole shareholder of A.T.F. Trucking, Inc. ("A.T.F."). On June 3, 1987, Brigman entered into a contract with J.C. Holding, Inc., for the sale of A.T.F. for $450,000. As part of that agreement, $250,000 of the purchase price was placed in escrow accounts to cover the cost of undisclosed liabilities and any contingent tax liabilities.

Frank Dejute, the president of J.C...

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