Long v. Mayo

The parties hereto will be referred to as plaintiff and defendant, as they were related in the trial court.

The defendant, an employee of the Mayo Milling Company of Richmond, Virginia, a corporation, purchased from George D. Mayo, the president of the company, and owner of the ■major portion of its stock, twenty-seven shares of the capital stock of the corporation for the sum of $8,100.00. Of the purchase price he paid $1,300.00 in cash, and for the residue he executed his note for $6,800.00, payable February 9, 1917, and also executed his note for $544.00 for interest, payable February 9,…