Moore v. Spicer

Opinion op the CouRt by

Judge Clay

Reversing.

Mary Stuart Moore was tlie owner of 10 shares, and her husband, H. R. Moore, was the owner of 151 shares, of the capital stock of Modern Motors, Inc. H. R. Moore’s stock had been pledged to his wife as collateral security for a loan of $1,500. On January 27,. 1930, Moore and wife, as parties of the first part, and C. B. Spicer, as party of the second part, entered into a written contract by which the Moores sold, and Spicer bought, the 25 shares of stock at the price of $2,500, to be paid on January 30, 1930. After the contract was signed, and in…