Zohrlaut v. Mengelberg
Wisconsin Supreme Court
Appeal from a judgment of the circuit court for Milwaukee county: J. 0. Ludwig, Circuit Judge. The Herman Zohrlaut Leather Company was incorporated in 1891 under the laws of Wisconsin and with an authorized capital stock of $500,000. Prior to the incorporation of the company Herman Zohrlaut had been engaged for many years in the tannery business, which the corporation was organized to carry on, and had been the principal if not the sole owner 'of such business.
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Appeal from a judgment of the circuit court for Milwaukee county: J. 0. Ludwig, Circuit Judge. The Herman Zohrlaut Leather Company was incorporated in 1891 under the laws of Wisconsin and with an authorized capital stock of $500,000. Prior to the incorporation of the company Herman Zohrlaut had been engaged for many years in the tannery business, which the corporation was organized to carry on, and had been the principal if not the sole owner 'of such business. The corporation was practically a family affair. Prior to June 19, 1899, Herman Zohrlaut had never transferred to the corporation the…
1Opinion of the Court
Tbe following opinion was filed January 11, 1910:
BaeNes, J.
There is ample evidence in tbe record to support tbe finding of tbe referee to tbe effect that if tbe stock certificate for $174,000 bad ever been issued it was surrendered and canceled prior to December 1, 1899. Whether there was any valuable consideration to support such a transaction is more debatable. Tbe argument of defendant’s counsel, that tbe cancellation of a debt amounting to about $48,000 and tbe assumption of certain interest obligations by tbe corporation constituted a good consideration, is not convincing in. view of tbe…
2Cases cited12 opinions
- Johnson v. PughWisconsin Supreme Court · 1901
- Braun v. Wisconsin Rendering Co.Wisconsin Supreme Court · 1896
- Thurston v. Burhett & Beaver Dam Farmers' Mutual Fire InsuranceWisconsin Supreme Court · 1898
- Heath v. Van CottWisconsin Supreme Court · 1859
- Mississippi River Logging Co. v. WheelihanWisconsin Supreme Court · 1896
7 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Bruns v. Rennebohm Drug Stores, Inc.Court of Appeals of Wisconsin · 1989
- Wheelwright v. Pure Milk Ass'nWisconsin Supreme Court · 1932
- Edwards Realty & Finance Co. v. City of SuperiorWisconsin Supreme Court · 1947
- Koskey v. Harnischfeger Corp.Wisconsin Supreme Court · 1936
- Kast v. KastSupreme Court of Missouri · 1951
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