Berger v. Kraisman

Opinion by

Mr. Justice Musmanno,

Samuel Kraisman, feeling the flood waters of insolvency rising about him, looked for a financial craft which would carry him to the solid ground of a new business where he could begin life afresh in some new and profitable enterprise, unencumbered by past mistake or misfortune. With two others (Albert Merkin and Nathan Korff) he organized a corporation which issued three certificates of stock of 50 shares each, one going to Merkin, another to Korff and the third to his (Samuel Kraisman’s) daughter Dorothy Meil.

Upon receiving her certificate Mrs. Meil immediately…