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REEDER v. REAGAN

2900476.

590 So.2d 296 (1991)

Geoffrey E. REEDER v. Steve REAGAN.

Court of Civil Appeals of Alabama.

October 11, 1991.

Attorney(s) appearing for the Case

David M. Wilson of Clark & Wilson, P.C., Birmingham, for appellant.

Charles L. Dunn, Birmingham, for appellee.

RUSSELL, Judge.

This case involves an action brought to recover monies owed under a contract.

A review of the record reveals the following undisputed facts: In July 1985 Geoffrey E. Reeder and Steve Reagan entered into a contract, whereby Reeder conveyed his business equipment and goodwill to Reagan for the sum of $26,000. Reagan paid $2,000 down and agreed to pay Reeder the contract balance in 48 installments of...

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