Legal Opinion
Quinn-Marshall Co. v. McDaniels Co.
District Court, M.D. North Carolina
Decided February 12, 1934No. 778PublishedCited by 1 opinion
1Opinion of the Court
HAYES, District Judge.
It appears from the evidence that the Quinn-Marshall Company and E. W. McDaniels organized- a corporation and called it the McDaniels Company, Incorporated) and subscribed for $18,000 of capital stock) Quinn-Marshall taking $12,000 and E. W. McDaniels taking $6,000. This stock was paid for by the sale of stock of merchandise which was then owned by the Quinn-Marshall Company. McDaniels gave his individual note to Quinn-Marshall Company covering his subscription of $6,000 capital stock. This occurred in 1927. Later on the corporation Was not doing so- well, and McDaniels…
2Cases cited18 opinions
- Sanger v. UptonSupreme Court of the United States · 1875
- Price v. United StatesSupreme Court of the United States · 1926
- Sullivan v. Portland & Kennebec RailroadSupreme Court of the United States · 1877
- Pierce v. United StatesSupreme Court of the United States · 1921
- Richardson's v. GreenSupreme Court of the United States · 1890
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3Cited by1 opinion
- In Re Northwest Oxygen, Inc.United States Bankruptcy Court, M.D. North Carolina · 1989