Eames v. Haver

Vanclief, C.

The complaint in this action may be stated substantially as follows:

In May, 1893, the defendant purchased from plaintiff twenty acres of land with orange grove thereon, for which he was to pay $8,000 in cash, and assign and deliver to plaintiff one hundred shares of the capital stock of a corporation named “Bear Valley and Alessandro *403Development Company.” As a part of the transaction, however, it was agreed that, on demand of the plaintiff, the defendant would exchange for said stock an equal number of shares of the stock of a corporation named" Bear Valley Irrigation Company,”…