Simon v. Weymouth Agricultural & Industrial Society

The issue in this case concerns the validity of five promissory notes executed by the defendant, Weymouth Agricultural and Industrial Society (Weymouth) and a contract to sell 75% of the stock of Weymouth.

Philip Simon, a holder of 25% of the capital stock of Weymouth, commenced this action against Weymouth, Richard Reagan, the holder of the remaining 75 % of Weymouth’s stock, Charles L. Michelson, and Lillian P. McIntyre, former holders of 25 % each of Weymouth’s stock, and Richard, Rita, and Mary Reidy, the heirs of a former holder of 25% of Weymouth’s stock.4 Weymouth is a nonprofit…