Lincoln Lumber Co. v. Keeter

(After stating the foregoing facts.)

The plaintiff sold lumber to the Lincoln Lumber Company, in which he was a stockholder. Among the assets of the company was a charge against him for $3034.33, for culls and cutoffs in the lumber so sold. If this charge was an improper one, the assets of the corporation for distribution among the stockholders would be diminished to that extent. The plaintiff in his testimony concedes that there were culls and cut-offs in the lumber which he sold and delivered to the' company; but he insists that the company, in fixing the prices which it was to pay him 'for…