Grant v. Ledwidge
Supreme Court of Arkansas
Appeal from Pulaski Chancery Court; John E. Martineau, Chancellor; STATEMENT BY THE COURT. Ledwidge and English were the owners of a certain mill plant near Pinnacle, Arkansas.
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Appeal from Pulaski Chancery Court; John E. Martineau, Chancellor; STATEMENT BY THE COURT. Ledwidge and English were the owners of a certain mill plant near Pinnacle, Arkansas. They afterward agreed to let the appellant have an interest in the plant and to incorporate the business under the name of the English-Grant Lumber Company, entering into a contract on the 29th day of January, 1908, which recited that English and Ledwidge sold to appellant $25,000 par value, consisting of 1,000 shares at $25 per share of the capital stock of the English-Grant Lumber Company for the sum of $5,000 in…
1Opinion of the Court
Wood, J.,
(after stating the facts). The appellant contends that the appellee, Ledwidge, is liable on the contract entered into on the 29th day of Jánuary, 1908, at the organization of the corporation, whereby it wTas agreed between English and Ledwidge, parties of the first part, and J. B. Grant, party of the second part, “that the said Grant has the option at the expiration of one year from that date to return the stock in the English-Grant Lumber Company and receive therefor his said sum of $5,000 without interest.”
Counsel argue that this is the contract upon which the note for $2,000 is…
2Cases cited5 opinions
- McGuigan v. GainesSupreme Court of Arkansas · 1903
- Cherry v. BrizzolaraSupreme Court of Arkansas · 1909
- Jarratt v. LangstonSupreme Court of Arkansas · 1911
- Hunt v. DavisSupreme Court of Arkansas · 1911
- Haldiman v. TaftSupreme Court of Arkansas · 1912
3Cited by7 opinions
- Palladine v. Imperial Valley Farm Lands Assn.California Court of Appeal · 1924
- Salter v. HeiserWashington Supreme Court · 1950
- City National Bank v. McCannSupreme Court of Arkansas · 1937
- Reitz v. BrouhardSupreme Court of Iowa · 1924
- Robinson v. SanitariumSupreme Court of Arkansas · 1921
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