Hoagland v. Mulford

Opinion by

Mr. Justice Walling,

About 1918, H. K. Mulford, the defendant, an experienced druggist, started the manufacture of certain remedies, on which he held a patent, known as “Medicinal Colloids.” In February, 1920, he had the business incorporated under a charter obtained in New Jersey, by the name of “American Chemical Laboratories, Inc.” The stock had a par value of $100 per share, five hundred shares of which were given the defendant for the prop erty, etc., which he turned over to the corporation. Its principal place of business was in Philadelphia. Mulford was president and Dr. W. J.…