Beeler & Campbell Supply Co. v. Riling

The opinion of the court was delivered by Dawson, J.:

This was an action against certain persons who .had been officers and agents of a corporation now defunct to recover damages for alleged fraud in the sale of certain of that corporation’s assets.

The principal facts were these: Prior to December 31, 1927, there was a corporation, the Linwood Oil and Gas Development Company, which had its headquarters in Lawrence. It may be inferred that its managing officials had decided that it should go out of business in 1927. They began to dispose of its assets. On June 23, 1927, one Edward Beeler, an…