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ROSENTHAL v. HYLAND BUILDERS CORP.

Gen. No. 47,835.

25 Ill. App.2d 229 (1960)

166 N.E.2d 463

Herbert M. Rosenthal, Plaintiff-Appellee, v. Hyland Builders Corporation, an Illinois Corporation, and Roy M. Schoenbrod, Defendants-Appellants.

Appellate Court of Illinois — First District, Third Division.

Rehearing denied May 12, 1960.

Attorney(s) appearing for the Case

Howard G. Joseph, of Chicago, for defendants-appellants.

Dixon, Morse, Knouff, Potter, and Holmes, of Chicago (Edward P. Morse, of counsel) for plaintiff-appellee.

JUSTICE BURKE delivered the opinion of the court.

On April 6, 1955, Herbert M. Rosenthal and Roy Schoenbrod, each owning 50% of the stock of Hyland Builders Corporation and four other construction companies, entered into an agreement that one would sell his stock to the corporations, leaving the other as sole stockholder. The agreement provided that Rosenthal would make a written offer with a stated price by April 18, 1955, and that Schoenbrod would elect to sell...

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