POPE, Chief Judge.
Plaintiff/appellant Mikart, Inc. is a small, closely held pharmaceutical company. Defendant Jose Marquez was a long-time friend of the Arteche family which founded Mikart. He was one of the first employees of the company and was an officer and director of the company from 1975 until 1984.
On January 8, 1976, Marquez executed a $40,000 promissory note in exchange for shares of stock in Mikart. Under the terms of the note, Marquez was to repay...
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