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SAGNER v. GLENANGUS FARMS

[No. 222, September Term, 1963.]

234 Md. 156 (1964)

198 A.2d 277

SAGNER, ET AL. v. GLENANGUS FARMS, INC., ET AL.

Court of Appeals of Maryland.

Motion to correct and modify opinion, or, in the alternative, for rehearing filed March 27, 1964.

Denied April 16, 1964.

Attorney(s) appearing for the Case

Donald N. Rothman, with whom were Jacob Blum, Eugene M. Feinblatt, and Gordon, Feinblatt & Rothman on the brief, for the appellants.

William D. Macmillan and Lawrence Perin, with whom were William A. Fisher, Jr., and Semmes, Bowen & Semmes on the brief, for the appellees.

The cause was argued before BRUNE, C.J., and HAMMOND, PRESCOTT, MARBURY and SYBERT, JJ.

HAMMOND, J., delivered the opinion of the Court.

The case involves the construction and effect of an agreement in writing by which Stanley Sagner, owner of the thoroughbred stallion Saggy, undertook to cause to be sold to horse-breeders a number of indivisible shares of ownership in the horse in order to realize a large capital gain at a time when Saggy was enjoying preeminence as a sire. In the early summer of 1961, Sagner entered into negotiations with L.S. MacPhail...

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