McCarthy v. Texas Loan & Guaranty Co.
Court of Appeals of Texas
Appeal from District Court, Harris County: Norman G. Kittrell, Judge. Action by J. T. McCarthy and another against the Texas Loan & Guaranty Company. From a judgment for defendant, plaintiffs appeal.
1Opinion of the CourtHiggins, J.
Appellee is incorporated under the laws of Texas, with an authorized capital stock of $500,000 divided into 50,000. shares, of par value of $10 each, and it is alleged that appellant L. P. Routt was the agent of the company, with authority to sell and dispose of its capital stock for the sum of $12.50 per share, and by virtue of such authority he contracted to sell to J. T. McCarthy (appellant) 25,000 shares of the stock for $312,500, payable as follows: $25,000 cash; a $50,000 note, payable in 4 months; two $100,000 notes, payable in 8 and 12 months; and one for $37,500, payable in 1 year.…
2Cases cited6 opinions
- Fitzhugh v. Franco-Texas Land Co.Texas Supreme Court · 1891
- San Antonio Irrigation Co. v. DeutschmannTexas Supreme Court · 1908
- Jefferson v. HewittCalifornia Supreme Court · 1894
- Williams v. BrewsterWisconsin Supreme Court · 1903
- Horst v. LightfootTexas Supreme Court · 1910
1 more not listed; retrieve them via the Exa API.
3Cited by37 opinions
- Sohland v. BakerSupreme Court of Delaware · 1927
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- Cahall v. LoflandCourt of Chancery of Delaware · 1921
- Bank of Commerce v. GoolsbySupreme Court of Arkansas · 1917
- Harn v. SmithSupreme Court of Oklahoma · 1921
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