Legal Opinion
Mothershead v. Douglas
Supreme Court of Arkansas
Decided October 22, 1951No. 4-9560PublishedCited by 4 opinions
1Opinion of the CourtRobinson, J.
In 1948, a corporation, the Polk-Southard Company, owned considerable property used in the business of mining and processing ore. A. C. Hendrix and A. R. Hendrix held a mortgage on the personal property, securing a note in the sum of $45,000. E. P. Douglas was president of the Polk-Southard Company; J. Roy Nuchols was treasurer, and the other appellees herein were directors and stockholders.
The appellees bought the $45,000 note and mortgage from Hendrix for the sum of $15,000. At that time PolkSouthard was indebted to appellees in the sum of $4,000 for money advanced to that Company.…
2Cases cited4 opinions
- Dodson v. ButlerSupreme Court of Arkansas · 1912
- McCracken v. PaulSupreme Court of Arkansas · 1898
- Mothershead v. DouglasSupreme Court of Arkansas · 1949
- Adair v. Quincy Stove Manufacturing Co.Supreme Court of Arkansas · 1915
3Cited by4 opinions
- Glover v. Woodhaven Homes, Inc.Supreme Court of Arkansas · 2001
- Mothershead v. PonderSupreme Court of Arkansas · 1952
- Mothershead v. DouglasSupreme Court of Arkansas · 1953
- Peek Planting Co. v. W. H. Kennedy & Sons, Inc.Supreme Court of Arkansas · 1975