Kimbrell v. Taylor

June 29, 1926. The opinion of the Court was delivered by Kimbrell Furniture Company, a corporation, had 30 shares of capital stock outstanding. The defendants, Mrs. Emma D. Taylor and W.M. Kimbrell, each owned 10 shares of the stock. They bargained to sell their shares to Jeff E. Buyck and W.F. Kleckley, two of the plaintiffs, who, contemporaneously, agreed to sell five of the shares which they were purchasing to their coplaintiff, W.E. Kimbrell. W. M. Kimbrell, one of the defendants, acting for himself and for his codefendant, Mrs. Taylor, had a lawyer to draw a written contract as to the…