Legard v. Sunlight Transformer Co.

This is an action to recover damages for breach of contract for the sale of shares of stock brought by the seller against the purchaser. Defendant interposed equitable defenses which the court found unsupported by the evidence. The case was then set for trial on the legal issues. Defendant made a motion to amend its answer, which was denied, and on plaintiffs’ motion a judgment on the pleadings was entered in favor of plaintiffs. Defendant appeals from the decree in equity and the judgment on the pleadings.

Defendant Sunlight Transformer Company was incorporated in March 1965 for the purpose…