Legal Question in Business Law in Florida
I work for computer corporation. Our corporation has three shareholders. one shareholder who owns 48%, and another (Cary), who owns 4%. Cary contracts to sell his 4% to me but later refuses to transfer the shares to me. Can court grant specifit performance since I am the nonbreaching party? What are my options?? Can I be compensated for the breach of contract???
Asked on 10/06/09, 8:41 pm
1 Answer from Attorneys
David Slater
David P. Slater, Esq.
Specific performance is granted when there is no adequate remedy at law. If you own the other 48% and need his 4% for a majority, you should have a valid claim.
Answered on 10/06/09, 10:46 pm
Related Questions & Answers
-
If I quit a job suddenly, is the employer required to mail the paycheck to me? Can... Asked 10/05/09, 9:43 am in United States Florida Business Law
-
If I quit a job suddenly, is the employer required to mail the paycheck to me? Can... Asked 10/05/09, 9:42 am in United States Florida Business Law
-
Hello, I took a job at a restaurant on weekends. The female owner was very hard to... Asked 10/05/09, 9:20 am in United States Florida Business Law
-
Do I need a business attorney to help me set up a contract to be able to provide... Asked 10/05/09, 6:49 am in United States Florida Business Law
-
If 2 individuals are 50/50 owners in a LLC, can one person sell his interest without... Asked 10/04/09, 3:01 pm in United States Florida Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
