Mason v. Smith
Supreme Court of Pennsylvania
Appeal, No. 52, Oct. T., 1901, by defendant, from decree of C. P. Beaver Co., Sept. T., 1900, No. 9, on bill in equity in case of Albert G. Mason v. Charles A. Smith. Bill in equity for an account. The facts appear by the opinion of the Supreme Court. Error dssigned was decree appointing a receiver, and for an accounting.
1Opinion of the Court
Opinion by
Mb. Justice Fell,
It is averred in the bill filed that in ITebruary, 1896, the plaintiff and defendant, being then the owners of a part of the stock of the Ohio Valley Gas Company, entered into a parol agreement to purchase the remainder of the stock and to divide equally the profits which should arise from the management of the company or the sale of its stock; that in pursuance of this agreement they united their credit, efforts and influence, purchased the stock, and managed the company until October, 1899, when they sold the same at a net profit of $255,000; that with a part of…
2Cited by3 opinions
- Dilworth v. KennedySupreme Court of Pennsylvania · 1902
- Bixler v. HeilmanSuperior Court of Pennsylvania · 1910
- Real Estate & Mortgage Co. v. CookSupreme Court of Pennsylvania · 1909