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STAR PUB. CO. v. MARTIN

95 A.2d 835 (1953)

STAR PUB. CO. v. MARTIN.

Supreme Court of Delaware.

March 26, 1953.

Attorney(s) appearing for the Case

William E. Taylor, Jr., and Aubrey B. Lank, of Wilmington, for Star Publishing Co., appellant.

Daniel O. Hastings and August F. Walz, of Wilmington, for Joseph H. Martin, appellee.

SOUTHERLAND, C. J., and WOLCOTT and TUNNELL, JJ.

TUNNELL, Justice.

On October 3rd, 1946, Joseph H. Martin, the appellee (hereinafter referred to as "Martin"), sold to one J. Edwin Carter (hereinafter called "Carter") all of the issued and outstanding capital stock of Star Publishing Company, the appellant (hereinafter called "Star"). The price of the stock was $140,500, of which $35,000 was paid down, the balance being payable in twenty-one installments maturing serially...

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