Kentucky Title Savings Bank & Trust Co. v. Day

Opinion of the Court by

Judge Clarke

Reversing.

Appellee, on September 18th, 1909, sold to appellant three hundred- and twenty shares, of the capital stock of the First National Bank of Louisville, upon the same terms as appellant had, on September 4th, 1909, by written contract, acquired from the Fidelity Trust Company, as trustee of other owners of stock of the said bank, a majority of said stock, except that the $40.00 and the $26.00 per share, a total of $66.00, was paid appellee in cash, for his stock, whereas only $40.00 per share was paid in cash, by appellant, for the stock purchased…