Kaufman v. Kaufman
In Kaufman v. Kaufman, 7 Va. App. 488, 375 S.E.2d 374 (1988), the husband purchased a one-third interest in a medical practice six months after the parties separated.
The purchase contract required stockholders to resell their interest to the corporation at a value excluding any provision for accounts receivable or work in progress.
The trial court held that the value set by the contract controlled because the terms were made at arm's length and were devoid of fraud.
The Court affirmed that valuation and ruled it was bound by the finding because there was evidence to support it. See 7 Va. App. at 502, 375 S.E.2d at 381 (citing Code 8.01-680).