Taylor v. Penrose Motor Co.

Opinion by

Gawthrop, J.,

The Penrose Motor Company, a corporation of this State, was, in 1925, engaged in the sale of automobiles, and its place of business was in Philadelphia. George-F. Esslinger was president and treasurer of the company, John F. Penrose was vice-president, and Benjamin F. Schwartz was secretary. Esslinger and Pen-rose were also directors of the company and each owned fifty per cent of the capital stock. In October, 1925, appellee, Thalia C. Taylor, instituted a suit against the corporation in court of common pleas No. 1 of Philadelphia County, for the collection of a debt,…