Kanaman v. Gahagan
Texas Supreme Court
Question certified by the Court of Civil Appeals for the Fifth District, in an appeal from Dallas County. Kanaman appealed from a judgment recovered against him at suit of Gahagan.' The Court of Civil Appeals reversed, and rendered judgment for appellant (185 S. W., 619); but pending a motion for rehearing it certified to the Supreme Court the question here involved.
1Opinion of the CourtChief Justice Phillips
The appellant, Kanaman, subscribed to ten shares of the capital stock of the Southern Traction Company, a proposed interurban railway eornoration. through a group of promoters, the subscription being payable to one of them, John Auehincloss, and by the agreement the stock of the corporation was not to be issued to appellant until he had paid the subscription in full. The corporation on its formation, issued the stock to Auehincloss as its fiscal agent, to be delivered to appellant when he had complied with the subscription agreement. Later, the matter was readjusted by the appellant’s giving…
2Cases cited2 opinions
- Turner v. Cattleman's Trust Co. of Ft. WorthTexas Commission of Appeals · 1919
- Farmers' & Merchants' State Bank v. FalveyCourt of Appeals of Texas · 1915
3Cited by5 opinions
- Emco, Inc. v. HealyCourt of Appeals of Texas · 1980
- Woodson v. McAllisterCourt of Appeals for the Fifth Circuit · 1941
- Hamilton-Turner Grocery Co. v. HanderCourt of Appeals of Texas · 1927
- Martin v. Farm & Home Savings & Loan Ass'n of MissouriCourt of Appeals of Texas · 1935
- Kanaman v. GahaganCourt of Appeals of Texas · 1921