Koontz v. Sharon

The defendant Line Motor Company is a corporation and at the time of the transaction sued upon the appellant Fraser and his codefendant Sharon were apparently equal owners of its capital stock. Defendant Sharon was manager of the company and in that capacity conducted the transaction in question here. Koontz was a salesman for the company, and in December, 1935, bought an automobile, the trade-in value of another car reducing the purchase price to $209.36, of which part was allowed as an employee’s discount and the balance was paid to the company by plaintiff at defendant Sharon’s urgent…