Coleman v. Hanger

Opinion of the Court by

Judge McCandless

Reversing.

This is a suit in equity against certain stockholders in a corporation arising out of the alleged breach of an executory contract of sale of certain shares of stock at its value, such value to be later ascertained, but not being fixed for seventeen months thereafter. From a judgment dismissing his petition plaintiff appeals.

The case has been prepared with great elaboration and can be best understood by a recital of the facts’ in chronological order.

The Mason-Hanger & Coleman Company, a construction company, was incorporated in 1906 with a…