Borland v. Prindle, Weeden & Co.
U.S. Circuit Court for the District of Rhode Island
At Law. On demurrer of defendant Banigan to plaintiff’s declaration, and plaintiff’s demurrer to defendant Banigan’s second, third, and fourth pleas.
1Opinion of the Court
BROWN, District Judge.
In considering the contention that the contract is contrary to public policy and void, it is necessary to consider only the agreements relating to the North River Lumber Company, a Maine corporation, and to the North American Paper & Lumber Company, Limited, a Nova Scotia corporation.
1. As to the Maine corporation: The defendants agreed to purchase all the shares of its capital stock; and the certificates of stock, save threej were to be deposited in escrow for 15 months, until full payment should be made. The defendants, however, were to take “possession of the…
2Cited by3 opinions
- Badere v. GoodrichWashington Supreme Court · 1911
- Eltzroth v. MurphySupreme Court of Colorado · 1923
- Greene v. AtwoodWashington Supreme Court · 1919