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TRACY v. PERKINS-TRACY PRINTING COMPANY

No. 40503.

153 N.W.2d 241 (1967)

George S. TRACY, Respondent, v. PERKINS-TRACY PRINTING COMPANY, et al., Defendants, James H. Levy, Trustee in bankruptcy for the Estate of Perkins-Tracy Printing Company, Appellant.

Supreme Court of Minnesota.

September 22, 1967.

Attorney(s) appearing for the Case

Robins, Davis & Lyons and Elliot S. Kaplan and Howard A. Patrick, Minneapolis, for appellant.

Briggs & Morgan, Richard E. Kyle and David C. Forsberg, St. Paul, for respondent.

OPINION

SHERAN, Justice.

Appeal from a district court judgment.

Action was instituted by George S. Tracy against the Perkins-Tracy Printing Company, a corporation, upon the theory that the parties had entered into an agreement on July 31, 1959, for purchase by the corporation of its stock from plaintiff, with the corporation's obligation to make installment payments secured by a chattel mortgage on certain corporate personalty and an escrow of the...

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