Central California Commercial College v. Shrewsbury

Plaintiff and respondent corporation brought this action against defendant and appellant Ruth G. Shrews-bury, as executrix of the estate of William C. Shrewsbury, deceased, upon a rejected claim for payment of a promissory note dated June 25, 1949, made and delivered to plaintiff by deceased, during his lifetime. William C. Shrewsbury, president and manager, and C. S. Bowlby, vice president, as partners, operated the college and later it was incorporated. Each was issued 500 shares of stock. One share of common stock *204was issued to each of their respective wives for the purpose of their…