Atckison v. Triplett

This is an action to recover on an agreement guaranteeing the minimum price of certain corporate stock. In a jury trial the court directed a verdict for the defendant and plaintiff appeals.

The plaintiff, John Atckison, and Henry Cohen formerly owned, as a partnership, a chain of supermarkets known as Ceba Markets. In 1960 they sold all the assets of Ceba Markets to a corporation known as Big C Stores, Inc. (hereinafter referred to as Big C) for a consideration of 36,000 shares of the corporation’s common stock and 1,800 shares of its preferred stock, each of the partners receiving 18,000…