First Bond and Mortgage Co. v. Malouf

From a judgment in favor of defendant after trial before the court without a jury in an action to recover damages for breach of a written contract plaintiff appeals.

These are the essential facts:

Plaintiff was a mortgage and discount company. Defendant owned and controlled the Standard Discount Corporation, a corporation engaged in a business similar to that of plaintiff. In September, 1933, defendant purchased a controlling interest in plaintiff corporation and elected himself and two employees of the Standard Discount Corporation as the board of directors of plaintiff. At the time defendant…