Stevens v. Sharpe

BAYLESS, V. C. J.

James E. Sharpe, trustee for the creditors of the Fink Bonding & Insurance Company, a common-law trust, brought an action in the district court of Muskogee county, Okla., against W. N. Stevens to recover the- balance due from Stevens under a contract of sale. The trial judge directed a verdict against Stevens, and he appeals.

Fink Company ” became financially embarrassed, and at a meeting of the shareholders a committee was appointed to negotiate for a sale of the 'business with the view of paying the creditors and quitting business. This committee eventually sold the company…