Gobles Co-Operative Ass'n v. Albright

I think defendant was entitled to a directed verdict, and the verdict having been for him, the case should be reversed, with direction to enter judgment for defendant on the verdict. The agreement to purchase stock quoted' by my Brother Sharpe required payment “on the call of the board of directors of the corporation.” . No such call was made. The case is, therefore, ruled by Ivory v. Lamoreaux, 241 Mich. 226. In that case the note was given for a stock subscription which left its acceptance to the company. No acceptance of the subscription was made. Mr. Justice McDonald, who wrote for the…