Greenwade v. First National Bank of Louisa

Opinion of the Court by

Judge Richardson—

Affirming.

This appeal brings here for review the usual eventuality of engagements of business men who, to enlarge their incomes, venture into an undertaking in which they have had no experience and have not sufficient time from their regular occupations to promote its success.

The Lobaco Company, a corporation, was organized and engaged in operating a bakery, a bottling plant, and an ice plant at Louisa, Ky. Prior to January, 1923, William Greenwade, W. R. Davis, E. E. Shannon, H. G. Wellman, and J. N. Marcum were directors of the corporation. In…