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ESTATE OF HINDS

Docket No. 35837.

10 Cal.App.3d 1021 (1970)

89 Cal. Rptr. 341

Estate of JAMES F. HINDS, Deceased. H. DOUGLAS GAMBLE, Petitioner and Appellant, v. LEONA I. HINDS, Objector and Respondent.

Court of Appeals of California, Second District, Division Four.

August 31, 1970.

Attorney(s) appearing for the Case

COUNSEL

LeVone A. Yardum and Andrew D. Amerson for Petitioner and Appellant.

Jack H. Faucett for Objector and Respondent.

James L. Grubbs and George W. Collins as Amici Curiae on behalf of Objector and Respondent.

OPINION

DUNN, J.

On October 27, 1967, James Hinds and H. Douglas Gamble entered into a written agreement under which Hinds was to purchase from Gamble 40,000 shares of the stock of Little Revenge, Inc., for $79,000. This constituted all of the stock of Little Revenge, Inc. The only asset of that corporation was a 53-foot sailboat named, logically enough, "Little Revenge." What Hinds actually purchased was the boat and, according to...

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