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BAYARD v. MARTIN

98 A.2d 780 (1953)

BAYARD et al. v. MARTIN et al.

Court of Chancery of Delaware, New Castle.

July 15, 1953.

Attorney(s) appearing for the Case

William E. Taylor, Jr., Wilmington, for plaintiffs.

August F. Walz and Clarence W. Taylor (of Hastings, Stockly & Walz), Wilmington, for defendants.

BRAMHALL, Vice-Chancellor.

On October 3, 1946, defendant Joseph H. Martin (hereinafter referred to as "Martin"), sold to defendant J. Edwin Carter, (hereinafter referred to as "Carter"), all of the issued and outstanding stock of the plaintiff Star Publishing Company (hereinafter referred to as "Star"). A formal contract was executed by Martin, Carter and Star providing for the payment of the balance due by installments and...

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