Sherman v. Shaughnessy
Missouri Court of Appeals
Appeal from St. Louis City Circuit Court. — Eon. J. Hugo Grimm, Judge. (1) The subscription contract entered into between the various subscribers was a valid contract. It was not unilateral. The promises of each subscriber to the-' other were sufficient consideration. These promises were made to each other for the benefit of the corporation. Railroad v. Crow, 137 Mo. App. 461; Business Men’s Association v. Williams, 137 Mo.
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Appeal from St. Louis City Circuit Court. — Eon. J. Hugo Grimm, Judge. (1) The subscription contract entered into between the various subscribers was a valid contract. It was not unilateral. The promises of each subscriber to the-' other were sufficient consideration. These promises were made to each other for the benefit of the corporation. Railroad v. Crow, 137 Mo. App. 461; Business Men’s Association v. Williams, 137 Mo. App. 575; Hill v. Mining Co., 124 Mo. 166; Glover v. Henderson, 120 Mo. 367; Lewis v. Ins. Company, 61 Mo. 538; Hotel Co. v. Smith, 13 Mo. App. 7; Haskell v. Sells, 14 Mo.…
1Opinion of the CourtGoode, J.
The Simpson Catering Company was a Missouri corporation, incorporated February 19, 1904. The original subscribers for the capital stock of $50,000 were Corinne Simpson, William C. Morgan and S. J. Hoge, the first of whom subscribed for 498 shares and the other two for one share each. Mrs. Simpson had obtained a concession from the Louisiana Purchase Exposition Company and this concession was transferred by her to the incorporated company as full payment of its capital stock. She was named as president of the company, William C. Morgan as vice-president and S. J. Hoge, secretary, and those…
2Cases cited17 opinions
- Lake Superior Iron Co. v. . DrexelNew York Court of Appeals · 1882
- St. Paul, Stillwater & Taylor's Falls Railroad v. RobbinsSupreme Court of Minnesota · 1877
- Thrasher v. Pike County RailroadIllinois Supreme Court · 1861
- Baltimore City Passenger Railway Co. v. HambletonCourt of Appeals of Maryland · 1893
- Tinker v. KierSupreme Court of Missouri · 1906
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3Cited by5 opinions
- State Ex Rel. Weede v. BechtelSupreme Court of Iowa · 1952
- Wilson v. Torchon Lace & Mercantile Co.Missouri Court of Appeals · 1912
- Louisana Oil Exploration Co. v. RaskobSuperior Court of Delaware · 1925
- Palais Du Costume Co. v. BeachMissouri Court of Appeals · 1912
- Staley-Wynne Oil Corp. v. International Shoe Co.Court of Appeals of Texas · 1936