Sampsell v. Imperial Paper & Color Corp.
Supreme Court of the United States
1Opinion of the CourtJustice Douglas
One Downey was adjudged a voluntary bankrupt in November, 1938. Prior to June, 1936, Downey had been engaged in business, unincorporated, and had incurred a debt to the predecessor of Standard Coated Products Corporation of approximately $104,000. In that month he formed a corporation, Downey Wallpaper & Paint Co., under the laws of California. Downey, his wife and his son were the sole stockholders, directors and officers. Downey’s stock of goods was transferred to the corporation 1 on credit, which was extended from time to time. He leased space in the store building occupied by him to the…
2Cases cited38 opinions
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- Shapiro v. WilgusSupreme Court of the United States · 1932
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