Hough v. St. Louis Car Co.
Missouri Court of Appeals
Appeal from St. Louis City Circuit Court. — How. Wm. M. Kinsey, Judge. (1) Where one corporation acquires assets of another corporation for an adequate consideration, it is not liable for the debts of the latter corporation. Warren v. Mayer Fertilizer, 145 Mo. App. 558; Hageman v. Railroad, 202 Mo. 249; Burge v. Railroad, 100' Mo.
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Appeal from St. Louis City Circuit Court. — How. Wm. M. Kinsey, Judge. (1) Where one corporation acquires assets of another corporation for an adequate consideration, it is not liable for the debts of the latter corporation. Warren v. Mayer Fertilizer, 145 Mo. App. 558; Hageman v. Railroad, 202 Mo. 249; Burge v. Railroad, 100' Mo. App. 460. (2) The St. Louis Car Company could not subscribe for stock in the Kobusch Automobile Company, nor could its property and money be used as payment of the stock subscription of Kobusch and his associates. Hotel Co. v. Furniture Co., 73 Mr. App. 135;…
1Opinion of the CourtReynolds, P. J.
In this case the judgment entered up in the circuit court comprises a finding of facts as well as conclusions of law. We adopt the finding of facts as made by the learned trial judge as a sufficient statement of the facts so far as it goes. It is as follows:
“On the 10th day of October, 1906, plaintiff sustained personal injuries by the negligence of the Kobusch Automobile Company, a corporation, for which she brought suit against said corporation, and recovered a final judgment therein for the sum of two thousand dollars and costs, on the 24th day of May, 19101. ’ ’ [For the facts as to the…
2Cases cited10 opinions
- Barrie v. United Railways Co.Missouri Court of Appeals · 1909
- Johnson v. United Railways Co.Supreme Court of Missouri · 1912
- St. Louis Drug Co. v. RobinsonSupreme Court of Missouri · 1883
- Citizens State Bank v. PenceNebraska Supreme Court · 1900
- Hageman v. Southern Electric RailroadSupreme Court of Missouri · 1907
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3Cited by1 opinion
- Colliseum Athletic Assn. v. DillonMissouri Court of Appeals · 1920