Jesse v. Four Wheel Drive Auto Co.

This case presents a question of first impression to this court. We find no case directly in point.

*631The respondents cite us to Chabot & Richard Co. v. Chabot, 109 Me. 403, 84 Atl. 892; Hooker, C. & M. Co. v. Hooker, 88 Vt. 335, 92 Atl. 443; and Pickering v. Stephenson, L. R. 14 Eq. 322, as authorities for their position. In principle they have a bearing on this action.

This action presents a question of business morals quite as much as of law. Through corporations the major portion of the business of the country is conducted. • Formerly the corporation was small, the shareholders were…