Duchemin v. Kendall
Massachusetts Supreme Judicial Court
Contract for breach of the following agreement in writing .- “For one dollar and other valuable considerations, the receipt whereof is hereby acknowledged, I hereby bind myself to secure to E. H. Duchemin a bona fide bid of five thousand dollars, for five hundred shares of the Addax Basting Machine Company’s stocks, within twelve months from this date.
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Contract for breach of the following agreement in writing .- “For one dollar and other valuable considerations, the receipt whereof is hereby acknowledged, I hereby bind myself to secure to E. H. Duchemin a bona fide bid of five thousand dollars, for five hundred shares of the Addax Basting Machine Company’s stocks, within twelve months from this date. In case of failure so to do, I hereby agree to take from him, at his option, said five hundred shares of stock, for five thousand dollars, one year from the date hereof. Given this ninth day of August, A. D. 1886. C. B. Kendall. Boston, Mass.,…
1Opinion of the CourtMorton, C. J.
By the contract sued on, the defendant agrees to secure to the plaintiff a bona fide bid of five thousand dollars for five hundred shares of the Addax Basting Machine Company’s stock, within twelve months from date; or, in case of failure to do so, to take from him at his option said five hundred shares of stock for five thousand dollars in one year from date. The contract is dated August 9,1886. At this time the plaintiff was the equitable owner of one thousand shares of the stock. This stock stood in the name of the defendant and James F. Bliss, who held it in trust for the plaintiff, who…
2Cases cited2 opinions
- Carpenter v. HolcombMassachusetts Supreme Judicial Court · 1870
- Thorndike v. LockeMassachusetts Supreme Judicial Court · 1867
3Cited by4 opinions
- Perry v. LittleTexas Supreme Court · 1967
- Aronson v. Sol. & S. Marcus Co.Massachusetts Supreme Judicial Court · 1935
- Guilford v. MasonSupreme Court of Rhode Island · 1901
- Rand v. PorterMassachusetts Supreme Judicial Court · 1936