Fowler v. Elliott, Trustee in Bankruptcy

Opinion op the Court by

Judge Sampson

Affirming.

Tlie trustee in 'bankruptcy of the Seven States Oil Company .commenced this action in the McCracken circuit court against appellant, Fowler, to recover on two stock subscription contracts which he executed to the oil company in 1919. The first subscription was made September 12, 1919, for 100 shares, par value of $10.00, capital stock of the Seven States Oil Company, a joint stock company; and the other subscription was on November 11, 1919, for 50 shares at the same price per share. He paid down $50.00 on the first subscription and $100.00 on the…