George v. Ford

Opinion op the Court by

Judge Quin

Affirming.

Under an agreement dated September 14,1916, appellant, George, in consideration of the agreement on the part of his co-appellant, Nemy, to subscribe for $3,000.00 of stock in the Detroit-Kentucky Coal Company (hereinafter referred to as the coal company), agreed to assign to Nemy $1,500.00 par value of George’s holdings in said company immediately upon the payment of said $3,000.00. For the sake of brevity said appellants will be referred to by their surnames.

George was president of the coal company and Nemy vice-president. Between November 8,1916,…