Zelinkoff v. Johnson

The opinion of the court was delivered by This was an action for specific performance of a written
contract entered into between M.A. and Beatrice B. Zelinkoff,
plaintiffs (appellees), and William C. and Ethel C. Johnson,
defendants (appellants). The pertinent facts may be summarized as follows: On May 24,
1956, plaintiffs and defendants formed a closely held corporation
under the name of the Crown Chemical Corporation, Inc., the
common stock of which was issued one-half to plaintiffs and
one-half to defendants. At the time of forming the corporation
and as a part of the same transaction, the parties entered into a
written
[185 Kan. 490]