Kerr Steamship Co. v. Kerr Navigation Corp.

Prior to July, 1919, the plaintiff corporation managed and operated for a corporation known as the Kerr Navigation Corporation, but not the defendant herein, eight steamships owned by that corporation. At that time negotiations were begun to obtain more capital for the Kerr Navigation Corporation and as a result of these negotiations it Avas arranged that the Kerr Navigation Corporation should transfer its ships, good-Avill and franchises, including the right to use its corporate name, to the American Ship and Commerce Navigation Corporation, Avhich issued in payment therefor 40,000 shares of…