Van Noy v. Gibbs

TUCKETT, District Judge.

The plaintiff and respondent, Spencer Van Noy, commenced this action to recover from the defendant and appellant, Richard Gibbs, the balance due on a written contract for the sale of certain shares of stock in the Valley Amusement Enterprises, Incorporated.

The facts are these: On November 1954, the parties hereto, and others, formed a Utah corporation known as the Valley Amusement Enterprises, Incorporated. Each of the parties hereto subscribed to 1,950 shares of stock in the corporation. A short time after the corporation was formed a dispute arose between Van Noy and…