Ridgeway v. Pope

Opinion by

John N. Mabry. *

About six years before the trial of this matter below, James E. Pope and Reece E. Ridgeway orally agreed to purchase real estate in Denver and convey title to such realty to a corporation which they planned to organize. In the proposed corporation each party would hold an equal number of shares of stock and share equally in profits and losses in the entire venture prior and subsequent to the creation of the corporation.

In pursuance of such agreement a Larimer Street building in Denver was purchased, paid for by, and title taken in the name of Reece E. Ridgeway and…