Fena v. Peppers Fruit Co.

Defendant appeals from an order denying its motion for a new trial.

Plaintiffs are copartners engaged in the .wholesale fruit and vegetable business at Hibbing and Chisholm, Minnesota. Defendant (Peppers Fruit-Company) is a corporation organized November 3,1924, under the laws of the state of California, with an authorized capital stock of $250,000, represented by 2,500 shares of $100 each. It did not issue any stock, other than one qualifying share to each of five persons, and had no assets and did no business until July 1, 1928. Since that date it has been engaged in the selling and shipping…