Bil-Gel Company v. Thoma

Plaintiff in this case seeks the specific performance of an alleged contract for the sale and purchase of corporate stock. During the summer of 1953, and, inferentially, for some time prior thereto, defendant Highland Merchandising Company was engaged in the business of selling merchandise at retail from door to door, making collections in like manner. The individual defendants were the stockholders of said corporation. Certain persons desired to purchase the stock on behalf of a corporation to be formed for the purpose of carrying on the business, and entered into negotiations with…