Fergus Falls Woolen Mills Co. v. Boyum
Supreme Court of Minnesota
Action in the district court for Otter .Tail county to recover $50,000. The facts are stated in the opinion. Defendant’s demurrer to the complaint was overruled. The case was tried before Parsons, J., who, when plaintiff rested, denied defendant’s motion to dismiss the action, and a jury which returned a verdict for $3,000. From an order denying his motion for judgment notwithstanding the verdict or for a new trial, defendant appealed.
1Opinion of the Court
Taylor, C.
Plaintiff is a corporation engaged in manufacturing woolen goods, and is authorized to sell its own products, and also to buy and sell other goods at wholesale or retail in the state of Minnesota and elsewhere. It had a paid-in capital stock of $131,400, and its articles of incorporation or charter provided that its indebtedness should never exceed one-half the amount of the capital stock actually paid in. Defendant was the principal stockholder and the president and general manager of the company, and took complete charge of its business affairs. The company did a profitable…
2Cases cited6 opinions
- Bosworth v. . AllenNew York Court of Appeals · 1901
- People v. . KnappNew York Court of Appeals · 1912
- Pac. Vinegar & Pickle Works v. SmithCalifornia Supreme Court · 1907
- Kraniger v. People's Building SocietySupreme Court of Minnesota · 1895
- City Nat. Bank of Mangum v. CrowSupreme Court of Oklahoma · 1910
1 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- State v. Mortgage Security Co. of Minnesota, Inc.Supreme Court of Minnesota · 1923
- Eriksson v. BoyumSupreme Court of Minnesota · 1921