The Law of Promoters a Treatise On the Law of Promoters of Private Corporations
The Law of Promoters a Treatise On the Law of Promoters of Private Corporations
Manfred William Ehrich
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70, 89-90, 96 Pac. 528, 535; Bagnall v. Carl ton, L. R. 6 Ch. Div. 371, 380. 64. See Halstead v. Grinnen, 152 U. S. 412, 416, 38 L. Ed. 495, 14 'Sup. Ct. 641; Alsop v. Riker, 155 U. S. 448, 461, 39 L. Ed. 218, 15 Sup. Ct. 162 ; Montgomery Light & Power Co. V. Lahey, 121 Ala. 131, 25 So. 1006; Wills v. Nehalem Coal Co. , 52 Or. 70, 96 Pac. 528; Nant-Y-Glo & Blaina Ironworks Co. V. Grave, L. R. 12 Ch. Div. 738, 748-749. 65. See post, 169, 194, 241. 66. See Barr v. N. Y. L. E. & W. R. R. Co. , 125... N. Y. 263, 275, 26 N. E. 145, 34 N. Y. St. Rep. 743 ; Getty v. Devlin, 54 N. Y. 403, 415, and cases cited ; Stanley v. Luse, 36 Or. 25, 36, 58 Pac. 75, 7S, citing 4 Thompson on Corporations, 5298. See Lagunas Nitrate Co. V. Lagunas Syndicate, 1899, 2 Ch. Div. 392, 415- 416, 432-134 ; Omnium Electric Palaces, Ltd. , v. Baines, 1914, 1 Ch. Div. 332, 82 L. J. Ch. N. S. 519, 109 L. T. N. S. 206. And see post, 258 and 261. 298 THE LAW OF PROMOTERS. covering the fraud, await the result of its venture, and rescind its purchase if it proves disadvantageous.
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