Gum v. St. Joseph Foods, Inc.

DIXON, Chief Judge.

Defendant, St. Joseph Foods, Inc., appeals from a judgment of $3,052.52 in a court-tried case in favor of plaintiff, Opal Gum.

From the pleadings, fragments of evidence offered by plaintiff and a stipulation of the parties, the following facts emerge.

Plaintiff is the widow of Adrian J. Gum who was an employee of the defendant. In 1963, Adrian J. Gum orally contracted to subscribe to 2,500 shares of defendant corporation for a price of $5,000. One thousand dollars was paid in cash, and fifty dollars per month was to be deducted from his salary and applied to the $4,000…