Peters v. Bow

The issued capital stock of the Nampa Iron Works, Limited, a domestic corporation, was owned by Peters, Russell and one Brace. Peters and Russell each owned 750 shares and Brace owned 1 share. In 1913, both Peters and Russell had actions pending against the corporation, and Russell had commenced an action against Peters on a promissory note. These various con troversies were settled by an agreement, the material parts of which are as follows:

“That the said parties hereto mutually promise and agree that they will dismiss their suits against the Nampa Iron Works, Limited, now pending in the…