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S.C. POHLMAN CO. v. EASTERLING

Docket No. 20349.

211 Cal.App.2d 466 (1962)

27 Cal. Rptr. 450

S.C. POHLMAN COMPANY, Plaintiff and Respondent, v. L.H. EASTERLING, Defendant and Appellant.

Court of Appeals of California, First District, Division Three.

December 28, 1962.

Attorney(s) appearing for the Case

Elden C. Friel for Defendant and Appellant.

Wells, Murphey & Coffey and J.D. Cooper for Plaintiff and Respondent.

DRAPER, P.J.

[1] Cross-defendant Pohlman and defendant were the sole stockholders of plaintiff corporation, which is engaged in the purchase and sale of improvement act bonds. They desired to assure that neither the death nor the withdrawal of one of them would bring a stranger into the business. In 1956, they entered into an agreement covering these contingencies. If one desired to sell, he was required

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