Vergne Roig v. Superior Court of Mayagüez

Cervecería Real, Inc. is a corporation engaged in the *23manufacture and sale of beer and malt. On December 16, 1952 the stockholders of the corporation, held an annual meeting, the validity of which is not at issue here, where the stockholders Alberto Inocente Alvarez, Lydia Fajardo de Alvarez, Jaime Annexy Iglesias, Vicente M. Ydrach and José A. Ponce were elected directors of the corporation. On that same date the Board of Directors met and authorized the President, Alberto I. Alvarez, to contract the services of Pedro Vergne Roig, as general manager of the corporation for a term of three…