Ramirez v. Thomas Productions, Ltd.

MAXEY, J., pro tem.

Plaintiff was solicited by defendant, Manuel Ruiz, Jr., to purchase an interest in a copartnership, having and owning certain patent rights to motion picture and sound devices then owned and held by said co-partnership. The defendant, Richard Thomas, was one of the partners in said project, and had personally owned the patent rights above mentioned.

Thomas Productions, Ltd., a Delaware corporation, was subsequently organized, and the copartnership transferred all of its assets to the corporation, in consideration of issuance of stock in said corporation to each of the…