Walker v. Central Freight Lines, Inc.

MURRAY, Chief Justice.

This suit involves the equitable remedy of specific performance of a master contract, consisting of three separate contracts, dated June 30, 1956, whereby Central Freight Lines, Inc., agreed to purchase stock, or shares of stock, of three other Texas corporations, to-wit: Alamo Express, Inc., Alamo Cartage Co., and W. & H. Investment Co., from J. L. Walker and Louis E. Hart, Sr. The parties will hereinafter be referred to as “Central”, “Express”, “Cartage”, “W. & H.” “Walker” and “Hart”.

The suit began as an action for rescission of the contract, but by cross-action…