Modern Globe, Inc. v. 1425 Lake Drive Corp.

Plaintiff filed a bill of complaint in chancery for specific performance of a claimed land contract between plaintiff Modern Globe, Inc., as vendor, and 1425 Lake Drive Corporation, as pur chaser and vendee. Defendant is a wholly-owned subsidiary of Grand Rapids Storage Company, the officers and directors of both the parent and subsidiary corporations being the same. Apparently this litigation arises from confusing the fact that the defendant corporation had only one stockholder-, i.e., the Grand Rapids Storage Company, which corporation had a number of stockholders.

Plaintiff owned certain…