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BBMS, INC. v. BROWN

39817.

251 Ga. 409 (1983)

306 S.E.2d 288

BBMS, INC. et al. v. BROWN.

Supreme Court of Georgia.

Decided September 8, 1983.

Attorney(s) appearing for the Case

Schwall & Heuett, Emory A. Schwall, Robert J. Kaufman, Fredric Chaiken, for appellants.

Frankel, Hardwick, Tanenbaum, Fink & Clark, William F. Clark, Douglas H. Reynolds, Jr., John S. Graettinger, Jr., for appellee.

GREGORY, Justice.

In November 1980 Brown and Slutsky entered into an agreement whereby Slutsky promised to sell to Brown 248 shares1 of stock in BBMS, Inc., a corporation managing franchised weight-loss clinics, for $96,000.2 According to this agreement, Brown and Slutsky were the only shareholders in the corporation with Brown bearing the responsibility for "the day to day transactions" of the corporation...

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