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MALARNEY v. PETERSON

159 Conn. 342 (1970)

JAMES J. MALARNEY v. JOHN A. PETERSON, SR., ET AL., EXECUTORS (ESTATE OF FREDERICK M. TAYLOR)

Supreme Court of Connecticut.

Decided May 6, 1970.

Attorney(s) appearing for the Case

Harry L. Nair, for the appellant (plaintiff).

Alfred V. Covello, with whom, on the brief, were Thomas F. Parker and J. Harold Williams, for the appellees (defendants).

ALCORN, HOUSE, THIM, RYAN and SHAPIRO, JS.

SHAPIRO, J.

The plaintiff brought this action on an alleged oral contract of indemnity to recover damages for losses incurred by him in the purchase of stock under a stock purchase agreement between him and the decedent, Frederick M. Taylor. The plaintiff alleged that on or about August 1, 1952, Taylor, president and controlling stockholder, approached him with the proposal that he purchase stock of Taylor and Greenough, Inc., a Connecticut corporation, and that he...

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