Appellant shall recover of respondent $60 costs and disbursements of this appeal. Plaintiff on May 8, 1964, sold his 50% interest in defendant corporation to Arthur Talmadge, who owned the balance of the stock. Musicor was engaged in the business of recording songs and its sole asset was a contract with one Pitney, a singer. On the same date plaintiff entered into a contract with Musicor to act as producer for recordings by Pitney at an agreed fee plus a royalty based on...
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