Conrads v. Kasch

In 1921 H. Conrads and Ed. Rasch were, and for several years prior thereto had been, engaged as partners in breeding, growing, and selling high-grade planting cotton seed. In June, 1921 a corporation was formed known as the "Kasch Pedigreed Seed Farms," with offices at San Marcos, Tex., and with a capital stock of $30,000, divided into 15,000 shares of $2 each. Of this stock Kasch subscribed 4,243 shares and Conrads for 4,242 shares. The remainder was subscribed in small amounts by some 55 or 56 farmers throughout that territory. This corporation acquired the seed business of Kasch and…