Legal Opinion
Hoover Steel Ball Co. v. Schaefer Ball Bearings Co.
New Jersey Court of Chancery
Decided April 5, 1919PublishedCited by 15 opinions
On appeal of Rosie Soos from determination of receiver rejecting claim.
1Opinion of the Court
Lane, V. C.
On May 18th, 1917, Schaefer Ball Bearings Company, Inc., a corporation of New York (the insolvent), and appellant Soos, in the State of New York, entered into a contract containing the following:
*165“In consideration of the fact that Rosie Soos buys forty shares of preferred stock at $100 per share, amounting to ($4,000) four thousand dollars, the Schaefer Ball Bearings Company, Inc., agrees to give as security three (3) Van Norman machines, which aggregates the sum of $3,285, and also one Cleveland automatic machine costing $2,280. The entire amount of security being approximately…
2Cases cited3 opinions
- Richards v. Ernst Wiener Co.New York Court of Appeals · 1912
- McIntyre v. E. Bement's SonsMichigan Supreme Court · 1906
- Faller v. FallerMichigan Supreme Court · 1906
3Cited by15 opinions
- Brown v. Home Development Co.New Jersey Court of Chancery · 1941
- Bookman v. R.J. Reynolds Tobacco Co.New Jersey Court of Chancery · 1946
- Emeloid Co., Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1951
- Boggs v. FlemingCourt of Appeals for the Fourth Circuit · 1933
- Conrad v. OldsIndiana Court of Appeals · 1941
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