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MATHER ESTATE

410 Pa. 361 (1963)

Mather Estate.

Supreme Court of Pennsylvania.

March 21, 1963.

Attorney(s) appearing for the Case

Richard P. Brown, Jr., with him Robert M. Baxter, and Morgan, Lewis & Bockius, for appellants.

John B.H. Carter, with him Frederick H. Spotts, and Pepper, Hamilton & Scheetz, for appellee.

Before BELL, C.J., MUSMANNO, JONES, COHEN, EAGEN, O'BRIEN and ROBERTS, JJ.

OPINION BY MR. CHIEF JUSTICE BELL, March 21, 1963:

The Executors of the Estate of Gilbert Mather took this appeal from a decree which entered judgment on the pleadings and ordered specific performance of a written stock option agreement. The Executors claim the agreement was invalid as an unreasonable restraint on alienation, because the optional purchase price was fixed at $1 per share, which was only a small fraction...

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