Martindell v. Lake Shore National Bank

JUDGE ROBSON

delivered the opinion of the court.

This is an appeal from a decree granting summary judgment to plaintiff Jackson Martindell for specific performance of an option to purchase 67 per cent of $425,000 of debentures and 67 per cent of 425 shares of the common stock of defendant Marquis-Who’s Who, Inc., a not-for-profit corporation, hereinafter called the corporation. (The American Institute of Management, a not-for-profit corporation of which plaintiff Martin-dell is president and a director, is a party plaintiff to this action as a third party beneficiary under the agreement upon…