Northwest National Motor Car & Vehicle Co. v. McConnell

The action is by a corporation to collect payment for 175 shares of its stock subscribed for by defendant. The defense of payment was sustained, and plaintiff appeals from the order denying a new trial.

The evidence is undisputed that in May, 1919, James W. Greeves and defendant engaged in the automobile business as partners under the name of Northwest National Motor Oar and Vehicle Company. Later they concluded to convert the partnership into a corporation. This was done in the fall of the same year, the corporation receiving the partnership name and all assets, including good will. As a part…