De Giverville Land Co. v. Thompson

This is a suit for the subscription price of shares in the plaintiff corporation. Plaintiff recovered and defendant prosecutes the appeal.

Plaintiff is an incorporated company, with a capital amounting to $100,000, and all of the subscribers accepted and paid for the stock, according to their agreement, save defendant, who repudiated his contract. Defendant subscribed the preliminary paper, by which he agreed to take stock in the plaintiff company to the amount of $2500, but, as before said, subsequently refused to make payment therefor.

The company was formed under the statute pertaining to…