Poultry Producers of Central California Inc. v. Nilsson

The defendant has appealed from a judgment in favor of plaintiff, decreeing specific performance and awarding damages for violation of a contract. Plaintiff was a nonprofit association, organized and incorporated for the purpose of fostering and promoting the business of raising poultry and marketing eggs and poultry by co-operative methods. Defendant signed a preliminary subscription agreement, with a large number of other poultry producers, providing for the organization of the association, and agreed to purchase four shares of its capital stock, at a price of ten dollars per share, and on…