Alexander v. Quality Leather Goods Corp.
New York Supreme Court
1Opinion of the CourtRosenman, J.
The plaintiff and defendants Weitz and Shum were each a director in, and an owner of one-third of all the capital stock of, the Quality Leather Goods Corporation (hereinafter called “ the old corporation ”).
On December 11, 1929, the plaintiff agreed in writing to sell to Weitz and Shum his one-third interest and to resign as a director and officer. As part of the purchase price the plaintiff received fifty promissory notes, each in the sum of $200, from his vendees. The agreement of sale provided: “ 3. The Certificate or Certificates of stock held by Julius Alexander shall be indorsed by him…
2Cases cited15 opinions
- Matter of TimmisNew York Court of Appeals · 1910
- Jackson ex dem. Russell v. RowlandNew York Supreme Court · 1831
- Stanton v. . MillerNew York Court of Appeals · 1874
- Baily v. . HornthalNew York Court of Appeals · 1898
- Ruggles v. LawsonNew York Supreme Court · 1816
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- Press v. Marvalan Industries, Inc.District Court, S.D. New York · 1976
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