Rhodes v. Wetherill

Citations

• 236 Pa. 66
• 84 A. 660
• 1912 Pa. LEXIS 714

Syllabus

<p>Principal and agent — Sale of stoclc of corporation — Production of purchaser — Gontract.</p> <p>An agreement which contemplates the production of a purchaser for a certain number of shares of stock of a corporation is not complied with by the production of a purchaser who offers to take, not the number of shares designated, but stipulates for the entire amount of the capital stock of the corporation, and offers to make payment therefor not at the time, but within thirty days thereafter, upon the further condition that the result of an examination into the financial affairs of the company shall be satisfactory to the proposed purchaser.</p>