Porter v. Morris
Supreme Court of Arkansas
Appeal from Pulaski Chancery Court; John E. Martineau, Chancellor; 1. No fraud nor misrepresentations were proven in the sale of the stock to Morris. 47 Ark. 165; 125 U. 5. 247-250 L. Ed.; 31 Id. 678; 20 Id. 627; 150 IT. S. 665, 673; 5 Pet. 264; 1 Wheat 175; 111 U. S. 549; 37 L. R. A. 605; 80 Am. Dec. 172; 160 S. Ct. Rep. 582; 91 Ark. 324. 2. The stock was fully paid and non-assessable as to Morris. 56 Ark.
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Appeal from Pulaski Chancery Court; John E. Martineau, Chancellor; 1. No fraud nor misrepresentations were proven in the sale of the stock to Morris. 47 Ark. 165; 125 U. 5. 247-250 L. Ed.; 31 Id. 678; 20 Id. 627; 150 IT. S. 665, 673; 5 Pet. 264; 1 Wheat 175; 111 U. S. 549; 37 L. R. A. 605; 80 Am. Dec. 172; 160 S. Ct. Rep. 582; 91 Ark. 324. 2. The stock was fully paid and non-assessable as to Morris. 56 Ark. Law Rep. 229, 236; 10 Cyc. 701-2; 134 8. W. 1066; 95 Ark. 124; 4 Thompson on Corp., § 3431; 45 L. R. A. 647. 1. The stock was sold appellee by false and fraudulent representations. 1 Cook…
1Opinion of the CourtMcCULLOCH, C. J.
Appellee Morris purchased shares of stock’ in a domestic corporation known as the Pike County Water Power ‘Company, and executed his notes for the amount to be paid for the stock. The present litigation involves two actions, one instituted against appellee to recover the amount of two unpaid notes, and the other an action instituted in the chancery court of Pulaski County by appellee against certain parties to cancel the purchase of the shares of stock and the unpaid notes, executed by appellee for the price. The two actions were consolidated and proceeded to a final decree in the' chancery…
2Cases cited1 opinion
- Shapard v. MixonSupreme Court of Arkansas · 1916
3Cited by5 opinions
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- Romunder v. CaskeySupreme Court of Arkansas · 1919