First Trust Co. of St. Paul v. McLean

Matson, Justice.

Appeal from an order denying plaintiffs’ motion for a new trial.

Plaintiffs, as executors of the estate of John Donald McLean, brought this action to recover $13,900 allegedly owed to decedent at his death by defendant. On December 18, 1951, decedent gave defendant, his brother, an option to purchase all the stock of the Town House, a St. Paul restaurant and bar. At that time decedent owned all the stock of the Town House. Defendant paid decedent $500 by check as consideration for this option, which $500 was to be applied on the purchase price of $20,000 if and when the option…