KREADY v. BECHTEL, LUTZ & JOST


411 Pa. 569 (1963)

Kready, Appellant, v. Bechtel, Lutz & Jost.

Supreme Court of Pennsylvania.

July 17, 1963.


Attorney(s) appearing for the Case

Paul N. Schaeffer, for appellant.

David H. Roland, with him George B. Balmer, and Snyder, Balmer & Kershner, for appellee.

Before BELL, C.J., MUSMANNO, JONES, COHEN, EAGEN, O'BRIEN and ROBERTS, JJ.


OPINION BY MR. JUSTICE O'BRIEN, July 17, 1963:

Appellant, who was employed as a salesman by appellee, purchased, on January 2, 1942, three shares of the stock of appellee. On April 11, 1942, the parties entered into a written agreement which obligates appellee to purchase appellant's shares "upon the death of Kready, or upon his leaving their employ", "at the book value of said stock as appears on a balance sheet of [defendant] as of the 31st of December preceding...

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