Wood v. Manchester Fire Insurance

The demurrer to the complaint presents serious obstacles to any recovery by the plaintiff upon a claim for an unpaid balance of $9,000, part of the consideration of the sale of *331the influence of the plaintiff as president, director and stockholder of the American Fire Insurance Company to the defendant, the Manchester Fire Insurance Company, which is a foreign corporation.

The defendant was desirous of acquiring the stock, control, business and good will of the American Fire Insurance Company and found it necessary to secure the direct participation of the plaintiff to accomplish that result.…