Fountain v. Burke
Court of Appeals of Georgia
1Opinion of the Court
Deen, Presiding Judge.
M. L. Burke, a division of American Tempering, Inc., sold Service Aluminum, Inc. credit merchandise, on which approximately $25,000 remained unpaid. Service Aluminum, Inc. suffered a fire as a result of which it went out of business. Theo Fountain, the president, sole director and sole stockholder of Service Aluminum, Inc. had capitalized the corporation at $31,000 and subsequently personally loaned it funds on promissory notes of which $179,000 was owing at the time of the fire. Thereafter, when the corporation’s insolvency due to inadequate insurance became obvious,…
Also in this document: Concurrence.
2Cases cited6 opinions
- Albert Richards Co. v. Mayfair, Inc.Massachusetts Supreme Judicial Court · 1934
- Tatum v. LeighSupreme Court of Georgia · 1911
- Ware v. RankinCourt of Appeals of Georgia · 1958
- Patterson & Co. v. PetersonCourt of Appeals of Georgia · 1915
- Emhart Corp. v. McLartySupreme Court of Georgia · 1970
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3Cited by10 opinions
- Covington Square Associates, LLC v. Ingles Markets, Inc.Supreme Court of Georgia · 2010
- Abbott Foods of Georgia, Inc. v. ELBERTON POULTRY COMPANY, INC.Court of Appeals of Georgia · 1985
- U.S. Capital Funding VI, Ltd. v. Patterson Bankshares, Inc.District Court, S.D. Georgia · 2015
- Georgia Commercial Stores, Inc. v. Daniel T. ForsmanCourt of Appeals of Georgia · 2017
- Hyzer v. HickmanCourt of Appeals of Georgia · 1990
5 more not listed; retrieve them via the Exa API.