Determine the value of the consideration

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Reference no: EM131800520

Seier agreed to pay $10,000 to Peek in exchange for all the stock in a corporation. The agreement was placed in writing.

Nevertheless, when the time came for payment, Seier refused to live up to his end of the deal. His argument was that the stock was not worth the $10,000 that he had agreed to pay for it.

Did the court listen to Seier's argument and attempt to determine the value of the consideration? Explain. Seier v. Peek, 456 So.2d 1079 (AL).

Reference no: EM131800520

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