Reports of Cases Determined in the Appellate Courts of Illinois, volume 134
Reports of Cases Determined in the Appellate Courts of Illinois, volume 134
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In our eReader you can find the full English version of the book. Read Reports of Cases Determined in the Appellate Courts of Illinois, volume 134 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 Reports of Cases Determined in the Appellate Courts of Illinois, volume 134
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180. The evidence satisfactorily establishes that appellee extended credit to Hall solely upon his representation that he intended using the money loaned to him in part purchase of the stock of goods, and that it was so used. Inasmuch as Hall and his wife Qwned and controlled all of the capital stock of the corpora- tion, he was in fact but carrying on the business in the name of the corporation. The doctrine of ultra vires invoked by appellant is inapplicable. The facts in Wheeler v. Home Savi...ngs Bank, 188 HI. 34, cited by appellants, diflfer from those here involved in that Digitized by Google 532 Appellate Courts of Illinois, Vol. 134.] City of Macomb v. CJounty of McDonough.
there the insolvent corporation received no benefit whatever from the debt contracted by its president and was therefore not responsible for the same either in law or eqnity.
Inasmuch as the money represented by the note held by appellee was used in the business conducted bv Hall, equity demands that it be paid pro rata from the proceeds of such business without regard to the name or style under which the same was conducted or the particular form of the evidence of the indebtedness.
What to read after Reports of Cases Determined in the Appellate Courts of Illinois, volume 134?
You can find similar books in the "Read Also" column, or choose other free books by Illinois. Appellate Court, Martin L. Newell, Mason Harder Newell, Walter Clyde Jones, Keene Harwood Addington, James Christopher Cahill, Basil Jones, James Max Henderson, Ray Smith to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
180. The evidence satisfactorily establishes that appellee extended credit to Hall solely upon his representation that he intended using the money loaned to him in part purchase of the stock of goods, and that it was so used. Inasmuch as Hall and his wife Qwned and controlled all of the capital stock of the corpora- tion, he was in fact but carrying on the business in the name of the corporation. The doctrine of ultra vires invoked by appellant is inapplicable. The facts in Wheeler v. Home Savi...ngs Bank, 188 HI. 34, cited by appellants, diflfer from those here involved in that Digitized by Google 532 Appellate Courts of Illinois, Vol. 134.] City of Macomb v. CJounty of McDonough.
there the insolvent corporation received no benefit whatever from the debt contracted by its president and was therefore not responsible for the same either in law or eqnity.
Inasmuch as the money represented by the note held by appellee was used in the business conducted bv Hall, equity demands that it be paid pro rata from the proceeds of such business without regard to the name or style under which the same was conducted or the particular form of the evidence of the indebtedness.
What to read after Reports of Cases Determined in the Appellate Courts of Illinois, volume 134?
You can find similar books in the "Read Also" column, or choose other free books by Illinois. Appellate Court, Martin L. Newell, Mason Harder Newell, Walter Clyde Jones, Keene Harwood Addington, James Christopher Cahill, Basil Jones, James Max Henderson, Ray Smith to read onlineMoreLess
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