Hirschman v. Casey

The Blue Cab and Five and Ten Cent Cab Company was organized on or about January 29, 1923, with Harry *472M% Hirschman, plaintiff, and Thomas J. Casey, defendant, as the sole directors and officers thereof. The plaintiff and the defendant each, at the time, owned 40 shares of stock in the company. On or about December 21, 1928, the defendant paid into the treasury $1,500, under a written agreement, and he received 15 shares of stock therefor in addition to the 40 shares already owned by him. As a part of the same transaction it was agreed that the plaintiff should have the option of purchasing…