Zelinkoff v. Johnson

The opinion of the court was delivered by

Wertz, J.:

This was an action for specific performance of a written contract entered into between M. A. and Beatrice B. Zelinkoff, plaintiffs (appellees), and William C. and Ethel C. Johnson, defendants (appellants).

The pertinent facts may be summarized as follows: On May 24, 1956, plaintiffs and defendants formed a closely held corporation under the name of the Crown Chemical Corporation, Inc., the common stock of which was issued one-half to plaintiffs and one-half to defendants. At the time of forming the corporation and as a part of the same…