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TEITELBAUM v. MERKLINGER

No. 117-73.

333 A.2d 91 (1975)

Joseph TEITELBAUM v. A. Gerald MERKLINGER et al.

Supreme Court of Vermont, Washington.

February 4, 1975.

Attorney(s) appearing for the Case

Theriault & Joslin, Montpelier, for plaintiff.

Paterson, Gibson, Noble & Brownell, Montpelier, for defendants.

Before BARNEY, C. J., and SMITH, KEYSER, DALEY and LARROW, JJ.

BARNEY, Chief Justice.

The plaintiff, the defendants, and others formed a corporation, Future Dimensions, Inc., in order to market a certain invention through licensing and royalty rights. The first transaction was to acquire these rights from another corporation by purchase.

The plaintiff borrowed twenty thousand dollars from a Connecticut bank for this purpose and received five thousand dollar promissory notes from...

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