Clyserol Laboratories, Inc. v. Smith

BLACKBIRD, Vice Chief Justice.

This appeal involves the right of defendant in error, hereinafter referred to as plaintiff, to recover a certain judgment for salary claimed to be due him as manager of the corporation appearing herein as plaintiff in error, but hereafter referred to as defendant.

Plaintiff and his associate, Howard R. Sullivant, were stockholders and directors of the defendant corporation in 1957, when it was having financial difficulties. At a special meeting of defendant’s board of directors, on December 17, 1957, plaintiff and Sullivant presented to it a proposal, under the…