Company Law of Canada
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In our eReader you can find the full English version of the book. Read Company Law of Canada Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Company Law of Canada
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To quickly assess the difficulty of the text, read a short excerpt:
(1900) 20 0.
L. E. 520.
Payment in 4. The plaintiff, a creditor of a company incor- " ■ porated by letters patent, sued the defendant, a share- holder, who pleaded that there was nothing due upon his stock. It appeared that there were nine sharehold- ers, two of whom had a large claim against the company for the sale of a patent. The defendant held $5,000 stock, partly paid up. It was arranged between the patentees and the other shareholders, that the latter should pay an additional ten per cen...t, on their stock, in consideration of which the patentees were to pay up the balance of the unpaid stock of the seven other shareholders out of this claim. In pursuance of this arrangement, each of the seven gave his cheque to the secretary for the balance of his unpaid stock, which the secretary passed on to the patentees, who accepted them and gave receipts to the company for the amount.
The patentees then handed back the cheques and re- ceipts to the secretary, who returned the cheques to the shareholders, by whom they were given, it having been agreed beforehand that they were to be so re- turned and not used.
What to read after Company Law of Canada?
You can find similar books in the "Read Also" column, or choose other free books by C a Cornelius Arthur Masten to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
(1900) 20 0.
L. E. 520.
Payment in 4. The plaintiff, a creditor of a company incor- " ■ porated by letters patent, sued the defendant, a share- holder, who pleaded that there was nothing due upon his stock. It appeared that there were nine sharehold- ers, two of whom had a large claim against the company for the sale of a patent. The defendant held $5,000 stock, partly paid up. It was arranged between the patentees and the other shareholders, that the latter should pay an additional ten per cen...t, on their stock, in consideration of which the patentees were to pay up the balance of the unpaid stock of the seven other shareholders out of this claim. In pursuance of this arrangement, each of the seven gave his cheque to the secretary for the balance of his unpaid stock, which the secretary passed on to the patentees, who accepted them and gave receipts to the company for the amount.
The patentees then handed back the cheques and re- ceipts to the secretary, who returned the cheques to the shareholders, by whom they were given, it having been agreed beforehand that they were to be so re- turned and not used.
What to read after Company Law of Canada?
You can find similar books in the "Read Also" column, or choose other free books by C a Cornelius Arthur Masten to read onlineMoreLess
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