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Contracts
Oral Contract
Sale of Business

Lonnie Stovall v. Charles and Donna Barker

Published: Jan. 9, 1999 | Result Date: Oct. 30, 1998 | Filing Date: Jan. 1, 1900 |

Case number: SV1293 Verdict –  $0

Judge

Suzanne N. Kingsbury

Court

El Dorado Superior


Attorneys

Plaintiff

Deborah A. Palmer


Defendant

Bart Blechschmidt


Experts

Plaintiff

Helen Temple Cummins
(technical)

Facts

In 1987, defendants purchased a gas station from plaintiff. An offer sheet containing the terms of the agreement was drafted but not signed by both parties. The plaintiff sought interest from 1987 at 10 percent for a total of $179,000. The plaintiff brought this action against the defendants based on breach of contract and fraud theories of recovery.

Settlement Discussions

Settlement discussions were not disclosed.

Damages

The plaintiff sought $179,000 for past interest and amounts he paid to IRS.

Other Information

The verdict was reached approximately 10 months after the case was filed. A settlement conference was held on Oct. 13, 1998, before Stephen Kelly did not resolve the matter.

Deliberation

four hours

Poll

12-0

Length

three days


#89863

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