Minahan v. Timm

It is urged here that the deed by which the interest under the land contract of 1925 was surrendered was void (1st) because not authorized by the stockholders; (2d) because it stripped the corporation of all its assets, in support of which it is argued that the stockholders are not estopped from questioning the validity of the deed and that the stockholders .have not ratified the deed. The second contention is that the contract of September 19, 1930, was obtained under duress and fraud and that the contract is unreasonable, unconscionable, and unenforceable; and third, that since the property…