William Woodall v. Robert D. Cooper et al.

This is an action to enforce an oral agreement for the transfer of stock in a corporation formed to purchase a parcel of commercial real estate. The plaintiff alleged that he helped obtain financing for the purchase in exchange for 50% of the company. The defendants alleged that the plaintiff had only an option to buy a 50% interest within one year of closing. The trial court credited the plaintiff’s testimony and awarded him a judgment for his share of the company’s profits. This appeal followed. We affirm.