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2 Years Transportation Progress Volume 76

2 Years Transportation Progress Volume 76


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About the Book

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1902 edition. Excerpt: ... for the trade-mark and good will of the defendant Smith, and $23,400 of the preferred stock was issued for his machinery and merchandise. The balance of the preferred stock was never issued. In consideration of the turning over of his assets by the defendant Smith to the corporation, Hardt, Von Bernuth & Co. agreed to advance the corporation from $35,000 to $40,000 as the corporation needed it in its business, and it was further agreed, orally, between the corporation and the copartnership, that when the corporation sold goods the bill therefor should be payable to the copartnership, which discounted the bills for the corporation, and that for the advances made the copartnership should at all times have a lien upon all of the assets of every kind either then owned or which might thereafter be acquired by the corporation. In October, 1900, when the corporation was insolvent, the defendant Smith applied to the defendant copartnership for further advances, and, being unable to get further substantial sums, Smith resigned as director and president of the corporation, and abandoned the business, and within a few days thereafter the copartnership, under the alleged agreement, took possession of and sold the assets of the corporation and credited itself with the amount realized. There is still a large sum due the copartnership. On the petition of creditors of the corporation, filed December 26, 1900, it was adjudicated a bankrupt February 1, 1901, and the plaintiff, as trustee in bankruptcy, sues to set aside the transfers to Hardt, Von Bernuth & Co. as fraudulent and void as to creditors, and for a return of the property or its value. By chapter 314 of the Laws of 1858, the provisions of which are now incorporated in the personal property law...


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Product Details
  • ISBN-13: 9781234972653
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 620
  • Spine Width: 32 mm
  • Width: 189 mm
  • ISBN-10: 1234972654
  • Publisher Date: 05 May 2014
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 1089 gr


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