Colorado Soap Co. v. Burns

In 1889, the Colorado Soap Company was a corporation manufacturing soap in the city of Denver. In the early part of that year Cook & Davis were grocers doing business in the town of Trinidad. Subsequently there were some changes in the personnel of that firm, and probably whatever interest the firm had in the stock passed to other parties before the transactions which will be stated. The details are unimportant, since the decision will be rested upon no consideration of any of these matters. The whole case turns upon the nature of the transaction between the company and Cook & Davis and the…