Johnson v. Hulse

JOHNSON, J., pro tem.

This is an appeal by defendants Hulse, Abbott, and Little from a judgment rendered against them in favor of plaintiff. The legal question involved is that of the obligation of promoters of a projected corporation to repay, upon an abandonment of the scheme, money received from subscribers for shares to be issued upon organization of the corporation. We have not had the benefit of any brief from respondent, and must, therefore, deal with the points advanced by the appellants in our own way.

The complaint is in three counts, the first to recover on a subscription made by…