Cleveland-McLeod Lumber Co. v. McLeod
Supreme Court of Arkansas
Appeal from Sebastian Circuit Court, Fort Smith District; Daniel Hon, Judge; 1. The contract between appellee and Cleveland, partners acting in their own interest, with themselves as officials of the corporation, the same not being ratified by the corporation, was illegal.
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Appeal from Sebastian Circuit Court, Fort Smith District; Daniel Hon, Judge; 1. The contract between appellee and Cleveland, partners acting in their own interest, with themselves as officials of the corporation, the same not being ratified by the corporation, was illegal. Morawetz on Corp. § § 517-527; 84 Ark. 444; 9.1 Ark. 147. 2. There was testimony to support instruction No. 2, requested by appellant, and it should have been given. 90 Ark. 248; 87 Ark. 243; 76 Ark. 227; 77 Ark. 128; Id. 201; 76 Ark. 348; 69 Ark. 134; Id. 289; 67 Ark. 594; 68 Ark. 106. 3. The third instruction requested by…
1Opinion of the CourtMcCueeoch, C. J.
This is an action instituted by A. McLeod against the Cleveland-McLeod Lumber Company, a domestic corporation, to recover an amount alleged to be due on account, consisting of two items — $1,000 for the purchase price of the plaintiff’s interest in a lot of lumber owned by him and G. W. Cleveland, and $153.84 for the price of another carload of lumber alleged to have been the property of plaintiff, but which was shipped by defendant to Fort S'mith Chair Company. On a trial before a jury, a verdict was returned in favor of plaintiff for the sum of $557.42, with interest from September 4, 1905.…
2Cases cited3 opinions
- Kahn v. MetzSupreme Court of Arkansas · 1908
- Cache Valley Lumber Co. v. Culver Co.Supreme Court of Arkansas · 1910
- Burton v. MerrickSupreme Court of Arkansas · 1860
3Cited by14 opinions
- Hastings v. Rose CourtsSupreme Court of Arkansas · 1963
- The Western Union Telegraph Co. v. Byrd, Adm'x.Supreme Court of Arkansas · 1938
- Cherokee Construction Co. v. Prairie Creek Coal Mining Co.Supreme Court of Arkansas · 1912
- Walthour v. FinleySupreme Court of Arkansas · 1963
- Central Life Ins. Co. of Illinois v. ThompsonSupreme Court of Arkansas · 1930
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