North v. Forest
Supreme Court of Connecticut
This was an action of assumpsit. The declaration, consisting of two or three counts, stated in one count, that on the - 1st day of October, 1838, the defendant being the owner of shares in a joint stock corporation, transacting business in the town of Torrington, under the name of Wadkams, Webster & Co., it was mutually agreed between him and the plaintiff, that the defendant should sell to the plaintiff, and that the plaintiff should purchase of the defendant, said shares…
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This was an action of assumpsit. The declaration, consisting of two or three counts, stated in one count, that on the - 1st day of October, 1838, the defendant being the owner of shares in a joint stock corporation, transacting business in the town of Torrington, under the name of Wadkams, Webster & Co., it was mutually agreed between him and the plaintiff, that the defendant should sell to the plaintiff, and that the plaintiff should purchase of the defendant, said shares in said corporation, for the sum of 3000 dollars, to be paid by the plaintiff, on the transfer thereof, which transfer,…
1Opinion of the CourtWaite, J.
The object of the parties, in presenting the case in its present form, was, to obtain a decision upon two questions involved in the case:
1. Whether the contract for the sale of shares in a joint stock corporation, is within the statute of frauds.
2. If it be, whether the discharge from such contract, is a *404sufficient consideration for the promises set forth in the de- - claration.
1. The provisions of our statute relating to the sale of goods of the value of thirty-five dollars and upwards, are the same as those in the English statute, upon the same subject. Although it was formerly doubted, by…
2Cases cited1 opinion
- Cook v. BradleySupreme Court of Connecticut · 1828
3Cited by14 opinions
- Ansley v. HightowerSupreme Court of Georgia · 1904
- Reed v. CopelandSupreme Court of Connecticut · 1883
- Ayres v. FrenchSupreme Court of Connecticut · 1874
- Franklin v. Matoa Gold Min. Co.Court of Appeals for the Eighth Circuit · 1907
- Denunzio v. DenunzioSupreme Court of Connecticut · 1916
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