District Court, E.D. New York May 12, 1964, No. 63 B 454 (In re Baby World Co.)

DOOLING, District Judge.

Alan Daniels, the petitioner on review, owned half the stock of the Debtor in 1961 and he then contracted to sell it to the Debtor for $250,000. $150,000 of the price was payable in thirty-five equal monthly installments commencing August 2, 1962.