Holland v. Crummer Corporation

OPINION

By the Court,

McNamee, J.:

On November 18, 1957 appellant Holland as first party entered into a written agreement with one Beeler as second party, hereinafter referred as the “exchange agreement,” wherein appellant agreed to transfer to Beeler shares of stock in three corporations, together with all of the assets of said corporations including the Holland Ranch consisting of 45,000 acres of land and all livestock on said ranch. The agreement recited that there “[are] 9300 head of cattle consisting of at least 4500 cows, 800 two-year old heifers, 800 yearling heifers, 205 bulls and 2000…