Valade v. Masson
Michigan Supreme Court
Error to Monroe; Lockwood, J. Assumpsit by Jerome J. Valade against Joseph Masson ■upon a contract of subscription for the purchase of a horse. From a judgment for plaintiff, defendant brings error.
Read the full summary
Error to Monroe; Lockwood, J. Assumpsit by Jerome J. Valade against Joseph Masson ■upon a contract of subscription for the purchase of a horse. From a judgment for plaintiff, defendant brings error. Thirteen persons, including the plaintiff and defendant, entered into an agreement January 14, 1898, with Howe & Grindell, for the purchase of a certain stallion, said contract reading as follows: “Tartar, No. 19;755. “ Howe and Grindell agree to sell the above-named stallion for $1,600 to the other undersigned subscribers, who, wishing to improve their stock, agree to pay Howe and Grindell $100…
1Opinion of the CourtGrant, J.
(after stating the facts). 1. Plaintiff subscribed for only one-sixteenth interest. The record is *44barren of any evidence tending to show any intended fraud by any one in subscribing for the stock. Plaintiff paid Howe & Grindell for his one share. That contract was made in good faith by the plaintiff and all the others. Afterwards, but the precise time is not shown, plaintiff became the owner of another share by gift, but who gave him this share does not clearly appear; neither is it material. It was before the articles of partnership were executed. There is testimony to show that when the…
2Cases cited3 opinions
- Comstock v. HowdMichigan Supreme Court · 1867
- Moore v. Universal Elevator Co.Michigan Supreme Court · 1899
- Zabel v. New State Telephone Co.Michigan Supreme Court · 1901
3Cited by2 opinions
- Watson v. First State Bank of DallasTexas Commission of Appeals · 1922
- Feldpausch v. HendershotMichigan Supreme Court · 1931