McClymonds v. Stewart

Citations

• 2 Pa. Super. 310
• 1896 Pa. Super. LEXIS 56

Syllabus

<p>Contract — Consideration—Subscription of stock to proposed corporation.</p> <p>A very slight advantage to one party or a trifling inconvenience to another is sufficient consideration to support a contract when made by a man of good capacity who is not at the time under the influence of any fraud, imposition or mistake.</p> <p>Where one who was interested in the organization of a proposed corporation induced another to subscribe for stock therein, agreeing that if the latter would do so he would take the stock at the end of one year, the contract is a valid one, the consideration being the payment of money upon the subscription which has been induced by this promise.</p>