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CENTRONICS CORP. v. GENICOM CORP.

No. 88-160.

132 N.H. 133 (1989)

CENTRONICS CORPORATION v. GENICOM CORPORATION

Supreme Court of New Hampshire.

August 16, 1989.

Attorney(s) appearing for the Case

Devine, Millimet, Stahl & Branch P.A., of Manchester (Andrew D. Dunn and Mark W. Dean on the brief, and Mr. Dean orally), for the plaintiff.

McLane, Graf, Raulerson & Middleton P.A., of Manchester (Wilbur A. Glahn, III, on the brief and orally), for the defendant.

SOUTER, J.

A contract between the buyer and seller of business assets provided for arbitration of any dispute about the value of the property transferred, to which the purchase price was pegged, and required an escrow deposit of a portion of the price claimed by the seller pending final valuation. The seller has charged the buyer with breach of an implied covenant of good faith in refusing, during arbitration, to release a portion of the escrow fund claimed to be...

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