Yost v. McCarty

— On or about November 80, 1945, the appellant herein was the President of Ken Standard Corporation, an Indiana corporation, and the owner of a majority of its capital stock. Appellee was an employee of this Corporation and acted as its secretary. On said date the parties entered into a parol agreement, by the terms of which appellant agreed to sell from his stock in said Corporation shares of said stock equal to five per cent of the common capital stock of said Corporation for an agreed price of $3.40 per share. This oral agreement between these parties was subsequently reduced to writing.…