McGuire v. Kaysen-Mcguire Co.

The appeal is from an order .sustaining a demurrer to the complaint.

The substance of the allegations of the complaint, in condensed form, may be thus stated: For some period prior to December 19, 1927, plaintiff and defendant Kaysen were equal copartners in an established business from which each received $5,000 yearly as salary. That on the date mentioned the copartnership entered an agreement to organize a corporation under the laws of Delaware under the name of The McKays Company, with an authorized capital stock of 2,000 shares of common stock of no par value and 500 shares of seven per…