Goeddel v. Aircraft Finance Inc‪.‬

Thereafter, Goeddels deposition was taken wherein he testified that on or about August 24, 1951, he entered into an agreement with Vest, the President of Aircraft Finance, Inc., whereby Vest agreed to sell and Goeddel agreed to buy a 49% interest in the corporation. In partial payment Goeddel wrote a check payable to Vest and gave a note for the balance of the purchase price, which note was to be paid out of the profits of the company. The testimony of Goeddel discloses that no stock certificate was delivered to him as a result of this transaction. No attempt was made to transfer title either by way of separate written instrument or by the delivery of the stock.