As the parties to the present suit were parties to an earlier suit involving the same transaction, in which the same claims were, or could have been, presented, we conclude that summary judgment was properly entered on the basis of res judicata. See AGB Oil Co. v. Crystal Exploration & Production Co., 406 So.2d 1165 (Fla. 3d DCA 1981), review denied, 413 So.2d 875 (Fla. 1982).

Affirmed.