Western Pacific Paper Co. v. Hollywood Topics, Inc.

Plaintiff brought action against defendant corporation and its stockholders to recover the sum of $962.57 for merchandise furnished by it to said corporation between the dates of January 27 and March 22, 1927. The cause was tried and submitted upon a stipulated statement of facts showing, among other things, the following:

That appellant Barnes was one of the original incorporators of the company, and on December 18, 1926, subscribed for 2,498 shares of the total of 2,500 shares of capital stock, and on January 6, 1927, paid therefor to said corporation the sum of $2,498. Subsequent to January…