Bethlehem Steel Co. v. Uppercu Corp.

Lawrence, S. C. C.

This suit is based on part of a series of promissory notes executed by defendant corporation to plaintiff and endorsed by defendant Uppereu. The sum sought to be recovered admittedly remains, due and unpaid. It appears that on or about June 27th, 1929, Mr. Uppereu was the controlling owner not only of defendant corporation, but of another called Universal Shock Eliminator, Incorporated. The latter got into financial difficulties and, at his instance, a meeting of its creditors was called, among them the plaintiff company, at which it was proposed by him that the property of…