Sparkman v. Boren

Outcome: Verdict for Plaintiff

Description: Ralph Sparkman sold his business to Richard Boren and secured a loan by a contract and a promissory note. The contract prohibited Boren from selling the business without an agreement in writing from Sparkman. Boren sold the business to a third party who was supposed to make payments to Sparkman on Boren's behalf. Boren never received permission to sell the business from Sparkman. The third party abandoned the business and the assets were seized by the franchisor. Suit was brought against Boren and a money judgment was awarded to Sparkman in excess of $70,000.00.