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  5. 835 P.2d 1202 (1992)
 

LEISNOI, INC. v. STRATMAN

Nos. 5-3774 to 5-3776, 5-3781.

835 P.2d 1202 (1992)

LEISNOI, INC., Appellant, v. Omar N. STRATMAN; Mabel Marie Rice; Antoinette Burton and James Burton, Appellees.

Supreme Court of Alaska.

Rehearing Granted in part, Denied in part and Opinion Modified, July 24, 1992.

Attorney(s) appearing for the Case

Edward A. Merdes, Law Offices of Merdes & Merdes, P.C., Fairbanks, for appellant.

Roger E. Henderson, Houston & Henderson, Anchorage, for appellee Omar N. Stratman.

William Grant Stewart, McCarrey & McCarrey, Inc., Anchorage, for appellee Mabel Marie Rice.

Alan L. Scmitt, Jamin, Ebell, Bolger & Gentry, Kodiak, for appellees Antoinette Burton and James Burton.

Before RABINOWITZ, C.J., and BURKE, MATTHEWS, COMPTON and MOORE, JJ.

OPINION

COMPTON, Justice.

In late 1985 and early 1986, Kodiak Island residents Omar Stratman, Mabel Marie Rice, Antoinette Burton and James Burton (Plaintiffs) instituted separate actions against Leisnoi, Inc. (Leisnoi) and Koniag, Inc. (Koniag) seeking specific performance of a settlement agreement which they had negotiated with Koniag. At the time of negotiation and signing of the settlement, Leisnoi had merged with Koniag and did not exist as a separate...

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