Lewis v. Coleman

This action was brought to recover damages for the alleged conversion of corporate stock.

In November, 1932, B. F. Coleman, defendant below, appellant'here, was engaged in selling automobiles in Kent, Washington. Respondent, Lewis, was one of his salesmen.

Lewis owned 24% of the 214 shares of non-par capital stock of the Auburn Dairy Products, Inc., which had been operating a creamery at Auburn since 1923, and had pledged the certificate to secure a note to a Renton bank. The note was overdue, and immediate payment of $475.88 had been demanded. He went to his employer for help.

From this point…