B & T Distributors v. Robert G. Riehle

This cause comes to us on a petition to transfer by plaintiffs-appellees Robert and Patricia Riehle from the First District, Court of Appeals. The trial court awarded plaintiffs-appellees damages of $12,635.05, cancelling an agreement whereby defendants-appellants Kingery and Schilling were to purchase 450 shares of common stock from the Riehles. The trial court ordered that Kingery and Schillings down payment of $18,900 be forfeited, and found that Kingery and Schilling were entitled to no relief on their counterclaim. The Court of Appeals reversed the trial court and remanded the cause with instructions to enter judgment for Kingery and Schilling, to order all consideration paid by Kingery and Schilling returned, together with 6% interest thereon from the date of payment, costs, and to award Kingery and Schilling reasonable attorney fees. B & T Distributors, Inc. v. Riehle, (1977) Ind. App., 359 N.E.2d 622. [See Appendix].