William C. Kerst, et al. v. Upper Cumberland Rental And Sales, LLC

This is a contract case arising from the sale of a business. Appellant orally agreed to sell his fastener business to the Appellee. After Appellant allegedly violated the terms of the sale agreement, Appellee stopped making payments. Appellant filed suit to recover the balance of the purchase price. The parties later agreed to rescission of the sale and to allow the trial court to decide the issue of rescissory damages. The trial court heard evidence regarding such damages and entered an order awarding Appellant $8,601.73 in damages, plus the remaining inventory of unused old fasteners. Appellant appeals. We affirm and remand.