Clarke v. Borough Asphalt Co.

The agreement of March 31, 1910, between McCoy and the plaintiff, ratified April 1, 1910, by the Borough Asphalt Company, is a valid and binding agreement. In consideration for the plaintiff’s stock — the controlling interest — McCoy agrees to pay $4,000 and also contracts as follows:

“ Y. The said McCoy further agrees to purchase from said Clarke all cement which he may use in the company’s business at a price which shall be the wholesale price of cement at the time of such purcháse and thirty cents added thereto for cartage and handling and that he will have this agreement ratified by the…