Tallman v. Durussel

Appellant Durussel entered into an agreement with respondent Tallman, to purchase 25 percent of the common stock of Tallman Machinery Company for $50,000. As part of this transaction, Durussel paid cash in the amount of $21,784.78 and on August 15, 1981, signed a promissory note in the sum of $28,215.22. Payments of $750 were to be made every month until the note was paid.