Parsons v. Rinard Grain Co.
Supreme Court of Iowa
Appeal from OaXhoun District Gov/rt. — E. G. Albert, Judge. The opinion states the case. All parties appeal, except the Rinard Grain Company, the Rinard Savings Bank, C. 0. McPherson, and Fred W. Good.
1Opinion of the Court
Ladd, O. J.
A corporation known as Rinard Grain Company was organized September 28, 1912, to deal in grains, coal, and tile at Rinard. One Neyens was employed as manager, at a salary of $85 per month. Business was begun in December, 1912. The capital stock consisted of 54 shares of $25 each, all of which were paid in cash, except 6 shares, which were paid in lumber. The company had no elevator, but it erected corn cribs and coal bins. Neither Neyens nor the officers of the company appear to have had any previous experience in the line of business undertaken. Having been appointed a committee…
2Cases cited13 opinions
- Woolverton v. TaylorIllinois Supreme Court · 1890
- Patterson v. StewartSupreme Court of Minnesota · 1889
- Lewis v. MontgomeryIllinois Supreme Court · 1893
- State ex rel. Stone v. Union Stock Yards State BankSupreme Court of Iowa · 1897
- Hoyt v. GougeSupreme Court of Iowa · 1904
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3Cited by6 opinions
- Schwab v. Schlumberger Well Surveying Corp.Texas Supreme Court · 1946
- Preston v. HowellSupreme Court of Iowa · 1934
- Union Trust & Savings Bank v. Blair-Harper Seed Co.Supreme Court of Iowa · 1925
- Royer v. MaibWashington Supreme Court · 1940
- Burlington Savings Bank v. Prudential Insurance Co. of AmericaSupreme Court of Iowa · 1928
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