The respondent paid $222,500 to purchase shares but never received them.
The motion judge granted partial summary judgment for $202,500, accounting for a $20,000 counterclaim.
The appellants appealed, arguing an alleged oral agreement regarding profit sharing created a genuine issue for trial.
The Court of Appeal dismissed the appeal, finding no genuine issue requiring a trial as the individual appellant admitted to personally guaranteeing the subscription price and failing to pay.
