Business Associations Keyed to Hamilton
Torres v. Spesier
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Torres (P) and allegedly Speiser (D) agreed to establish a check cashing business in Puerto Rico, in which Torres (P) agreed to retransfer his stock. Torres (P) claims that because his sale of stock was sold at less than par value, the sale is invalid and an unenforceable agreement. He moved for summary judgment. It was denied and Torres (P) appealed.
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