Michigan Broadcasting Co. v. Shawd

Plaintiff seeks specific performance of an alleged oral agreement for purchase and sale of nil of the common voting stock of Ashbacker Radio Corporation. The stock was owned -by defendant. The agreed purchase price as claimed was $230,000. The decisive question is whether the parties did agree — whether their minds “met” — to buy and sell as alleged by plaintiff. The' chancellor, following trial of the case made by plaintiff’s bill, found for •defendant. The bill was. dismissed. Plaintiff appeals and states the above identified question as follows:

“Did the parties enter into 'an oral…