Armstrong v. Sacramento Valley Realty Co.

This is an appeal from a judgment in favor of the plaintiff and respondent and against the appellants in an action brought ^gainst them to enforce the terms of a contract dated on April 27, 1917. Though the record in the case is somewhat voluminous, the actual matters in dispute may he brought down to a very narrow compass.

On December 6, 1910, the respondent and other persons owned 1,251 shares of the capital stock of ArmstrongQuatman Co., a corporation, and the appellant Mrs. Quatman owned the remaining 1,249 shares. On said day said corporation entered into a contract with the appellant Sacramento Valley Realty Co., a corporation, whereby Armstrong-Quatman Co. sold to the latter corporation certain tracts of land situated in the counties of Glenn and Colusa for the agreed price of $25,000, payable in small installments.

The appellants C. L. Donohoe, A. H. Quatman, and H. J. Barceloux were stockholders in the Sacramento Valley Realty Co., and they made themselves parties to said contract of December 6, 1910. Divers differences having arisen among the parties, the respondent commenced an action against the parties to the contract. In this action Mrs. Quatman became an…