Furlong v. Johnston
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
Davis, J.:
About March 12, 1918, the Empire State Motor Transportation Lines, Inc., was incorporated. Its authorized capital stock was 3,000 shares of $100 each, of which 1,502 shares were then subscribed. Soon thereafter the plaintiff and defendant subscribed for capital stock. From about April first to April twentieth defendant made three subscriptions aggregating $5,000. He paid $1,000 in cash, gave a note for $2,000 which was discounted at a bank, and subsequently gave notes for $2,000 payable to the corporation six months after date, with the understanding that they were not to be cashed…
2Cases cited50 opinions
- Teal v. WalkerSupreme Court of the United States · 1884
- Tracy v. . TalmageNew York Court of Appeals · 1856
- Shapley v. . AbbottNew York Court of Appeals · 1870
- New York & Oswego Midland Railroad v. Van HornNew York Court of Appeals · 1874
- Pratt v. . ShortNew York Court of Appeals · 1880
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3Cited by10 opinions
- Severance v. Knight-Counihan Co.California Supreme Court · 1947
- Belle Isle Corporation v. MacBeanCourt of Chancery of Delaware · 1948
- Hewitt Rubber Co. v. CommissionerUnited States Board of Tax Appeals · 1925
- Highlights for Children, Inc. v. CrownCourt of Chancery of Delaware · 1966
- Bell, SEC. of Banking v. AubelSuperior Court of Pennsylvania · 1942
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