Glascock v. Sukumlyn

Respondent sued to enforce specific performance of an option to purchase shares in a corporation in which both parties were stockholders. From a judgment in his favor, appeal has brought the matter to this court and reversal is urged on several grounds.

Prior to June 21, 1947, respondent and others had organized Dynamic Air Engineering, Inc. On that date, respondent owned over 50 per cent of the issued stock. Appellant was owner of 111 shares. For the sum of $10, appellant on that date executed in favor of respondent an option to purchase all shares of the corporation which appellant then…