Pineville Steam Laundry v. Phillips

Opinion of the Court by

Stanley, Commissioner

Affirming in part and reversing in part.

The appellee, John L. Phillips, sued the appellant, a corporation, to recover the net sum of $6,368.60 with interest, on three notes which had been assigned to him by the payees named therein, and for the enforcement of a mortgage. The case was submitted on the pleadings and exhibits and judgment was rendered for the plaintiff.

We give a summary of the material facts disclosed: ’The corporation’s stock was owned by G. C. May,and T. E. Gibson. If there was any corporate organization, it was a very loose one. The…