Pyle v. Shipman

Appellant brought this action to recover $9,000 as the balance alleged to be due from respondents 1 on an agreement of sale of 1,100 shares of stock of Gene-Roger Corporation. This was the entire number of shares which appellant had planned would be issued, and issued to him alone. Appellant represented, in the written agreement of sale with respondents dated December 20, 1962, that an application for permit to issue the shares had been filed and that he would transfer the shares to respondents on issuance, and he agreed to bring about the resignation of the officers and directors of the…