Stanley Matthews, Struthers v. Drexel — Opinion of the Court
“ The recital in that instrument, that the plaintiff had purchased the same from the trustee of the Blair Iron & Steel Company, is mere matter of inducement, and immaterial. The statement of the consideration of one dollar paid is also entirely immaterial, and may be treated as merely nominal. The real agreement embodied in the instrument is, according to its legal effect, that at the end of one year from that date the defendants would buy and pay for the number of shares of stock mentioned at the price specified, on delivery thereof at that time by the plaintiff. ”
