The plaintiffs sued for breach of contract arising from the sale of a dry cleaning business, alleging the defendants failed to pay the full purchase price.
Although the written agreement stated a purchase price of $300,000, the court accepted evidence of an oral agreement establishing a true purchase price of $360,000.
After crediting payments already made, the court found that $49,000 of the purchase price remained unpaid along with additional contractual payments for continued use of the business name.
The defendants’ counterclaim for negligent misrepresentation regarding the condition of a boiler was dismissed, as the written agreement contained no warranties as to condition and the defendants had the opportunity to inspect the equipment.
Judgment was granted to the plaintiffs for $49,240.66 plus pre‑judgment interest.