Webre v. Christ

The point of law to be decided is thus stated in the brief of counsel for the plaintiff and appellant, to wit:

“The receiver of a corporation, standing as the representative of all creditors, sues a subscriber to stock in the insolvent corporation, alleging nonpayment thereof. The subscriber admits the subscription, but avers payment in property, and proves payment in property. The receiver desires to prove that the value of the property given, and received in payment, was not equal to the par value of the stock. The court holds that the receiver cannot prove this fact. There is but one…