Legal Opinion
Kincaid ex rel. Illinois National Bank v. Overshiner
Appellate Court of Illinois
Decided March 15, 1912PublishedCited by 5 opinions
Appeal from the Circuit Court of Menard county; the Hon. Gut it. Williams, Judge, presiding. Heard in this court at the October term, 1911. Certiorari denied hy Supreme Court (making opinion final).
1Opinion of the Court
Mr. Presiding Justice Philbrick
delivered the opinion of the court.
On September 15, 1905, defendants were promoting and selling stock of the Petersburg Telephone Company; Lee Kincaid purchased, at the solicitation of defendants, forty shares of the stock and paid the treasurer of the corporation $1,000, that being the par value of the forty shares.
In order to induce Kincaid to buy this stock, the defendants signed the following agreement:
“We, the undersigned, agree to purchase from Lee Kincaid at any time he should desire to sell to them his stock in the Petersburg Telephone Company,…
2Cases cited4 opinions
- Osgood v. SkinnerIllinois Supreme Court · 1904
- Plumb v. CampbellIllinois Supreme Court · 1888
- Ames v. MoirIllinois Supreme Court · 1889
- Clark v. WeisIllinois Supreme Court · 1877
3Cited by5 opinions
- Haworth v. HubbardIndiana Supreme Court · 1942
- Grotte v. RachmanNebraska Supreme Court · 1926
- Ladd v. Cochran & McCluer Co.Appellate Court of Illinois · 1934
- Morris Paper Mills v. WeilAppellate Court of Illinois · 1937
- People ex rel. Barrett v. Rio State BankAppellate Court of Illinois · 1939