Cerro Cobre Development Co. v. Duvall
Arizona Supreme Court
APPEAL from a judgment of the Superior Court of the County of Santa Cruz. "W. A. O’Connor, Judge. STATEMENT OP PACTS BY THE COURT.
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APPEAL from a judgment of the Superior Court of the County of Santa Cruz. "W. A. O’Connor, Judge. STATEMENT OP PACTS BY THE COURT. The appellee commenced this action seeking to quiet title to 1,000,000 shares of the capital stock of the West Coast Copper Mines Company, standing in his name as trustee, alleging that the defendant asserts some claim to the said stock adverse to plaintiff, and is threatening to force plaintiff to turn said stock into the defendant’s treasury, but that the claim of defendant is without foundation or right. The means relied upon by which appellee acquired title…
1Opinion of the CourtCunningham, J.
Upon the trial the controversy centered about the terms and conditions of the Sharples-Duvall contract of April 12, 1907, the defendant contending that Sharpies purchased 150,000 shares of the Cerro Cobre Development Company’s treasury stock, paying therefor 10 cents per share, or $15,000, and, as an inducement to purchase the said stock, W. B. Duvall offered to give him 750,000 shares of his, Duvall’s personal stock as a bonus, and that Sharpies accepted that offer, and the $15,000 was. paid upon no other condition. On the other hand, Duvall contends that the 750,000 shares of stock was…
2Cited by1 opinion
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