Salina Mercantile Co. v. Stiefel

The opinion of the court was delivered by

Mason, J.:

Sigmund Stiefel and Pauline Rothschild appeal from a judgment rendered in an action brought against them by the Salina Mercantile Company, a Kansas corporation. The principal controversy is whether the petition stated a cause of action. Its sub*8stantial allegations, so far as necessary for the determination of this question in its general aspect (leaving some special features of the matter to be considered later), were as follow:

The corporation had an authorized capital of $40,000, of which $37,000 was paid up. The defendants were…