McLeod v. Keith

Birdseye, J. †

For many years appellants have been in the business of distributing oil and gasoline products in the Bellingham area. In 1959, the business was incorporated and all 300 shares of stock were issued to appellants. At about the same time respondent went to work for the company and, within a month or two thereafter, the written agreement that is the subject of this lawsuit was entered into.

This contract provides that appellant husband (hereinafter referred to as appellant) would sell and respondent would buy all of the stock of the corporation,

[A]t the fixed price of $100.00' per…