Morrison

Samuel Jaksick has appealed from a judgment in favor of Fred W. Morrison, as executor of the estate of William I. Morrison, deceased, in an action brought by the executor to recover the sum of $68,998.35, allegedly the balance due on the sale of 6,250 shares of stock of Goose Lake Box Company, a Nevada corporation.

It was alleged in the complaint and found by the court that on August 30, 1947, W. I. Morrison and Lillian Morrison, his wife, sold their 6,250 shares of the common stock of Goose Lake Box Company to defendant Samuel S. Jaksick for the sum of $101,171.87, and received the sum of $4,180.48 on account. The court found also that on September 2, 1947, Jaksick, representing himself to be the seller, and as the seller, agreed to sell to the Loyola University Foundation all of the issued and outstanding stock of the Goose Lake Box Company, including the 6,250 shares purchased by Jaksick from the Morrisons, and the stock of several other corporations. The agreement provided that the foundation would lease the assets of the acquired corporations to an operating company which would pay rent to the foundation, and the foundation would in turn pay the greater portion of the funds…