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STEINBERG v. SACHS

No. 3D01-2429.

837 So.2d 503 (2003)

Paul B. STEINBERG, Appellant, v. Karl M. SACHS, Appellee.

District Court of Appeal of Florida, Third District.

January 15, 2003.

Attorney(s) appearing for the Case

Steinberg & Associates, P.A. and Anthony V. Falzon, Coral Gables, for appellant.

Markus & Winter, P.A. and Stuart A. Markus, Miami, for appellee.

Before SCHWARTZ, C.J., and LEVY and GREEN, JJ.

GREEN, J.

Paul B. Steinberg, plaintiff below, appeals an adverse final summary judgment entered in his contract action against Karl M. Sachs. We reverse for the reasons which follow.

In 1984, Steinberg, Sachs, and a Martin Greenberg were among a group of investors which formed a company called Boca Aviation for the purpose of purchasing the operating license for the airport in Boca Raton. Steinberg purchased 25% of the initial shares in Boca Aviation while...

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