Bosworth v. Van Laningham
Court of Appeals for the Eighth Circuit
In Error to the District Court of the United States for the Western District of Missouri; Arba S. Van Valkenburgh, Judge. Action at law by Clifford C. Bosworth, trustee in bankruptcy of the Kentucky Rural Credits Association, against Otto L. Van Laningham. Judgment for defendant, and plaintiff brings error.
1Opinion of the Court
SANBORN, Circuit Judge.
The question in this case is: Does the petition state facts sufficient to constitute a cause of action against the defendant? This question was raised by a general demurrer, which was-sustained by the court below. The facts stated in the complaint that are material to the determination of the issue are these:
In September, 1914, the Kentucky Rural Credit Association was incorporated under the laws of Delaware for the ostensible purpose of selling its capital stock and loaning money to farmers on long time at low rates of interest upon promissory notes and bonds secured…
2Cases cited2 opinions
- Northrop v. . HillNew York Court of Appeals · 1874
- Hoffman v. ToftOregon Supreme Court · 1914
3Cited by1 opinion
- Farmers Elevator Service Co. v. HoganDistrict Court, W.D. Missouri · 1948