Hechler v. Emery

Levy, J.'

Whatever view may be taken as to the propriety, the reasonableness and the interpretation of the contracts by which defendant Emery obtained a ten per cent commission on all sales *394of Class B non-voting stock of the corporation, which sales approximate $2,000,000, that phase which relates to class A voting stock is of a highly questionable character. Here we have a contract entered into by the corporation when it was practically in its embryo state, whereby Emery was granted the power to sell its non-voting stock on commission, and the sole right to purchase 5,000 shares of its voting…