Morgan, Baldwin & Co. v. Kanola Oil & Ref. Co.

The Kanola Oil & Refining Company, an express trust, on November 1, 1919, entered into a written contract with Harlan Read, the only portions of which contract material here are as follows, to wit: First, that the company sold to Harlan Read 100,000 shares of its stock at 50 cents per share; second, that it sold to Harlan Read another 100,000 shares at 60 cents per share; third, that it' sold to Harlan Read an additional 255,000 shares at a price which they therein contracted to agree upon at a later date; fourth, the company agreed that it would “furnish such statements and information as…