KALAV v. PITT

No. 2 CA-CIV 1182.

18 Ariz. App. 478 (1972)

503 P.2d 833

Charles KALAV and Olivia M. Kalav, husband and wife, Appellants, v. Donald PITT, Receiver for N. Pfeffer Jewelers, Inc., a corporation, Appellee.

Court of Appeals of Arizona, Division 2.

Rehearing Denied December 27, 1972.

Review Denied January 30, 1973.


Attorney(s) appearing for the Case

Johnson, Hayes, Morales & Stompoly, P.C., by Donald E. Gabriel, Tucson, for appellants.

Goldbaum & Goetz, by Norris L. Ganson, Tucson, for appellee.


HOWARD, Judge.

Newton Pfeffer was the principal stockholder of a corporation which owned a jewelry store in Tucson, Arizona. In April or early May of 1968, appellant Charles Kalav and a Mr. Klavir entered into an agreement with Newton Pfeffer whereby they gave him 5,000 shares of Rajac stock as their nominee. Pfeffer was to sell the stock on the open market and credit the accounts of Kalav and Klavir with the proceeds of the sale. Subsequent to the initial transfer...

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