Triggs v. Triggs

385 N.E. 2d 1254 (1978)

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Nature of the Case

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Facts

Fredrick Tiggs created Triggs Color Printing Co. (the Company) and gave his three sons an even split of the minority interest. The contract that gave them the minority interest contained illegal terms (it stated by name who would be president and chairman, which no contract may do). These terms, however, were never brought up by any party and were never enforced. Fredrick Triggs then dies. One of the brothers, Ransford (P), exercised his option to buy out his deceased father's shares. The other brothers tried to enjoin this, claiming that the contract was illegal.