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BURTON, PARSONS & CO. v. PARSONS

Civ. Nos. 689-56, 3962-56.

146 F.Supp. 114 (1956)

BURTON, PARSONS & CO., Inc. and J. S. Tyree, Chemist, Inc., Plaintiffs, v. J. Fred PARSONS, Frederick Burton Parsons and Parsons Pharmaceuticals, Inc., Defendants. BURTON, PARSONS & CO., Inc. and J. S. Tyree, Chemist, Inc., Plaintiffs, v. Catharine B. PARSONS, Defendant.

United States District Court District of Columbia.

November 21, 1956.

Attorney(s) appearing for the Case

Frost & Towers by George A. Chadwick, Jr., Washington, D. C., for plaintiffs.

J. Grahame Walker, Washington, D. C., for defendants.

LAWS, Chief Judge.

On September 28, 1949, John H. Burton, Katherine H. Burton, J. Fred Parsons and Catharine B. Parsons, owners of the stock of Burton, Parsons & Co., a District of Columbia corporation, contracted to sell their business for $400,000 to J. S. Tyree, Chemist, Inc., who shortly thereafter organized a Delaware corporation, Burton, Parsons & Co., Inc., to carry on the business. Among the provisions of the contract was one providing that Frederick...

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