(DOWNLOAD) "Merchants Discount Corporation v. Federal" by Supreme Judicial Court of Massachusetts " eBook PDF Kindle ePub Free

July 06, 2021

eBook details

Title: Merchants Discount Corporation v. Federal
Author : Supreme Judicial Court of Massachusetts
Release Date : January 08, 1938
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 72 KB

Description

LUMMUS, Justice. The plaintiff is a corporation, now in liquidation. In 1930 and earlier it was engaged in lending money on
commercial paper, secured and unsecured. The defendant Gavin was president, the defendant Hutton was treasurer, and they with
the defendant Hackett were among the directors and stockholders. Gavin and Hutton received substantial salaries, and were
in charge of the business. Gavin ceased to be president in April, 1933, and Hutton ceased to be treasurer in December, 1933. The corporate defendant was organized by Gavin in 1926. He furnished the capital and owned substantially all the capital
stock, although the defendant Rickard owned some stock. Gavin was president, Hutton was treasurer, and both were directors.

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