Pender v. . Speight
Supreme Court of North Carolina
Appeal by defendant from Carter, J., at June Term, 1912, of Edgecombe. Civil action. Tbe plaintiff moved for judgment upon tbe admissions in tbe pleadings. Tbe court gave judgment tbat tbe plaintiff recover of tbe defendants Speigbt and Murdock all tbe stock of goods, etc., described in tbe complaint, and further, tbat tbe plaintiff recover of tbe defendant Murdock tbe sum of $1,000, witb interest from 9 January, 1912, and tbat tbe cause be retained for further orders.
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Appeal by defendant from Carter, J., at June Term, 1912, of Edgecombe. Civil action. Tbe plaintiff moved for judgment upon tbe admissions in tbe pleadings. Tbe court gave judgment tbat tbe plaintiff recover of tbe defendants Speigbt and Murdock all tbe stock of goods, etc., described in tbe complaint, and further, tbat tbe plaintiff recover of tbe defendant Murdock tbe sum of $1,000, witb interest from 9 January, 1912, and tbat tbe cause be retained for further orders. Tbe defendants appealed.
1Opinion of the CourtBrown, J.
It appears from the admissions in the complaint and answer that the Edgecombe Hardware Company was a corporation with a capital stock of $6,000; that the defendant Speigbt was the president, Riddick the vice president, and Murdock secretary, and all were directors; that on 9 January, 1912, tbe said corporation was insolvent; tbat on 27 March, 1912, the next and last meeting of the directors, the entire stock of goods, furniture, and fixtures and all the property of the corporation were sold to the defendant Murdock for $4,144.70, purporting to be 60 per cent of their actual value, and this…
2Cases cited5 opinions
- Drury v. CrossSupreme Court of the United States · 1869
- Lemieux v. Young, TrusteeSupreme Court of the United States · 1909
- Solomon v. . BatesSupreme Court of North Carolina · 1896
- McIver v. Young Hardware Co.Supreme Court of North Carolina · 1907
- Heggie v. . Building and Loan AssociationSupreme Court of North Carolina · 1890
3Cited by29 opinions
- Snyder v. FreemanSupreme Court of North Carolina · 1980
- Besseliew v. . BrownSupreme Court of North Carolina · 1919
- Douglass v. DawsonSupreme Court of North Carolina · 1925
- Fulton v. TalbertSupreme Court of North Carolina · 1961
- Hoyt v. HampeSupreme Court of Iowa · 1925
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