Dunn v. Bleeck

Matthew J. Dunn and John Bleeck were partners in the restaurant and summer resort business at Saratoga, operating two places known as Riley’s and Newman’s. For the purposes of the business two corporations were formed, one Riley’s Lake House, Inc., and the other Newman’s Lake House, Inc., the plaintiff Dunn and his wife owning half of the stock in each corporation and the defendant Bleeck owning the other half. Dunn became indebted to Bleeck in a substantial sum, and these partners entered into a written contract in March, 1931, according to which the Dunns transferred their capital stock to…