Watters & Martin, Inc. v. Homes Corp.

Homes Corporation brought action against Watters & Martin, Incorporated, on a subscription to its capital stock made before the organization of the corporation, and recovered a judgment for $6,000.00, the amount of the subscription agreement, with interest. To that judgment this writ of error was awarded.

In the summer of 1919 there was a scarcity of houses in and around Norfolk, Virginia. To relieve the situation a goodly number of the leading citizens held a con ference and appointed a special committee to report in regard to the formation of a corporation which would increase the facilities…