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COLLINS v. THROCKMORTON

425 A.2d 146 (1980)

Robert T. COLLINS and Gladys Collins, Defendants Below, Appellants, v. Philip J. THROCKMORTON, Plaintiff Below, Appellee.

Supreme Court of Delaware.

Decided December 5, 1980.

Attorney(s) appearing for the Case

James F. Kipp (Argued) of Trzuskowski, Kipp, Kelleher & Pearce, P. A., Wilmington, for defendants below, appellants.

Jerome O. Herlihy (Argued) of Herlihy & Herlihy, Wilmington, for plaintiff below, appellee.

Before DUFFY, McNEILLY and HORSEY, JJ.

McNEILLY, Justice:

The defendants below appeal from a money judgment for the plaintiff entered by the Superior Court after a non-jury trial. The basic facts underlying the controversy are as follows:

Plaintiff Philip Throckmorton and defendant Robert Collins were the sole stockholders (as well as the officers and directors) in Central Ceilings, Inc. (herein-after referred to as "Central"). On March 26, 1973, Central...

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