Elfenbein v. Luckenbach Terminals, Inc.

Th§ opinion of the court was delivered by

Wells, J.

This is an appeal from a judgment entered upon the verdict of a jury after a trial at the Hudson County Circuit Court.

Plaintiffs are partners doing business as accountants and auditors in New York. Defendant is a New Jersey corporation doing business in this state and having an office in New York. Its capital stock consisted of twenty thousand shares of $100 par value stock issued and outstanding. On this stock it paid an annual franchise tax of $2,000.

Under date of November 24th, 1928, plaintiffs wrote the following letter (Exhibit P-1) to…