GARRETT JR. v. OHLSEN


282 A.D.2d 807 (2001)

722 N.Y.S.2d 432

JOHN B. GARRETT, JR., Appellant, v. JAMES C. OHLSEN et al., Respondents.

Appellate Division of the Supreme Court of the State of New York, Third Department.

Decided April 5, 2001.


Crew III, J. P.

On September 21, 1994, plaintiff and defendants James C. Ohlsen, James R. Jacobs, Charles Chamberlain and John J. Brophy (hereinafter collectively referred to as defendants) entered into a contract for the sale of defendant John B. Garrett, Inc. (hereinafter the Company), a medical supply company. The purchase price was determined by combining the value of accounts receivable not older than 90 days, the invoice cost for inventory not greater than four...

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