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HARVEY v. DIXIE GRAPHICS, INC.

No. 92-CA-1223.

628 So.2d 113 (1993)

Theo H. HARVEY, Jr. v. DIXIE GRAPHICS, INC., et al.

Court of Appeal of Louisiana, Fourth Circuit.

November 30, 1993.

Attorney(s) appearing for the Case

Charles E. Hamilton, III, Galen S. Brown, Lamothe, Hamilton & Odom, New Orleans, for defendant-appellant.

Robert E. Tarcza, G. Anthony Gelderman, III, New Orleans, for plaintiff-appellee.

Before BYRNES, CIACCIO and JONES, JJ.

CIACCIO, Judge.

In June of 1981 Theo H. Harvey, Jr. sold all of the outstanding stock of Harvey Press, Inc. to Dixie Graphics, Inc., a Tennessee corporation, for cash and other consideration including a promissory note in the amount of $1,500,000.00 pursuant to a stock purchase agreement.

Shortly thereafter Dixie found itself unable to make the payments due under the note. Dixie requested and Harvey granted concessions

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