HANSON, District Judge.
This is an action on an oral contract.
Beam Industries, Inc. was formed a few years prior to 1960 as a small manufacturing company. The stock was at least largely held by persons residing in Webster City, Iowa. R. L. Sampson was an officer of Beam Industries, Inc.
In 1960, Manor-Vac, Inc. of California was formed. The stockholders included James Canaris, Herbert Aldrich, Irving Loube, and Fred Boaz. Total capital stock paid...
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