Robert Nanney Chevrolet Co. v. Evans & Moses

KEITH, Justice.

Defendant below appeals from an adverse judgment based upon jury findings which awarded plaintiff a recovery of $2,000 upon a check signed by the president of the defendant corporation. We reverse and render judgment for the defendant for the reasons now to be stated.

Robert Nanney was a stockholder and president of the defendant corporation at all times material to this suit. The majority stockholder was James Austin and there was one other stockholder, Greg Austin, son of James. The three named individuals also constituted the Board of Directors of the corporation.

In April,…