Real Estate & Mortgage Co. v. Cook
Supreme Court of Pennsylvania
Appeal, No. 7, Oct. T., 1909, by plaintiff, from decree of C. P. Beaver Co., March T., 1907, No. 5, dismissing bill in equity in case of Real Estate & Mortgage Company v. Will R. Cook and Keystone Driller Company. Bill in equity to compel the transfer of stock. Before Holt, P. J. The facts are stated in the opinion of the Supreme Court. Error assigned was decree dismissing the bill.
1Opinion of the Court
Per Curiam,
The plaintiff is a partnership engaged in the real estate business. It is alleged in the bill filed that the defendant, Cook, was a clerk in its employ, and was directed by it to purchase the right to subscribe for certain shares of stock to be issued by the Keystone Driller Company, was furnished the money with which to make the payment necessary to secure the right; *159that in disregard of his duty he purchased the right and subscribed to the stock in his own name and refused to transfer the stock to the plaintiff.
It is denied by the answer that there was a direction or an agreement…
2Cases cited1 opinion
- Mason v. SmithSupreme Court of Pennsylvania · 1901
3Cited by1 opinion
- Bixler v. HeilmanSuperior Court of Pennsylvania · 1910