Legal Opinion
H. H. Hornfeck & Sons, Inc. v. Anderson
Court of Appeals for the Second Circuit
Decided July 11, 1932No. 343PublishedCited by 1 opinion
1Opinion of the Court
L. HAND, Circuit Judge.
The plaintiff company is a corporation formed on May 8, 1916, in succession to a firm of two partners which had done the same business. The value of the firm’s assets was $206,771.49' against which it had debts of $65,474.92. From their cash the *39partners took out $10,000, which they used to subscribo for corporate shares, this being tho whole stock issued at the time. The rest of the assets they conveyed to the company, which assumed the existing debts, and, in consideration of the transfer, set up credits on its books to the amount of $131,296.57, in their favor,…
2Cases cited11 opinions
- United States v. Felt & Tarrant Manufacturing Co.Supreme Court of the United States · 1931
- Eaton v. English & Mersick Co.Court of Appeals for the Second Circuit · 1925
- Landesman-Hirschheimer Co. v. Commissioner of Int. Rev.Court of Appeals for the Sixth Circuit · 1930
- Geo Feick & Sons Co. v. BlairCourt of Appeals for the D.C. Circuit · 1928
- Lewis A. Crossett Co. v. United StatesUnited States Court of Claims · 1931
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3Cited by1 opinion
- Estate of McCabe v. United StatesUnited States Court of Claims · 1973