Olivetti Corp. v. Ames Business Systems, Inc.

MEYER, Justice.

In April 1978, defendant Ames Business Systems, Inc. (hereinafter “Ames”), was incorporated by James H. Nicholson, formerly a salesman of accounting machines for Olivetti Corporation, and Wade M. Perry, previously an owner and operator of a small company that sold business forms and supplies. Ames was initially capitalized by Nicholson and four other investors, including Perry’s wife and mother-in-law, for $45,000; Perry did not contribute any capital to Ames. Ames was formed to sell word processors for plaintiff Olivetti Corporation (hereinafter “Olivetti”). *536Ames and Olivetti…