Barium Steel Corp. v. Wiley

Opinion by

Mr. Justice Bell,

Barium Steel Corporation, plaintiff in this case, is a Delaware Corporation which will be hereinafter referred to as “Barium”. • The defendants, Glen M. Wiley and (his wife) Effie K. Wiley,' together owned 50% of the'stock of Wiley Equipment Company, a Pennsylvania corporation, hereinafter referred to. as the “Equipment Company”.. Of this. 50% Mrs. Wiley owned only 2 shares. The other 50%. of the stock was owned by a man named B. E. Diamond. .......

*41After several months’ negotiations Barium and the defendants executed a written agreement dated July 3, 1946, in which…