Da Ponte v. Breton

Citations

• 121 La. 454
• 46 So. 571
• 1908 La. LEXIS 691

Syllabus

<p>Corporations — Subscription bob Stock-Action — Pie adin g .</p> <p>Where, in written communications, following verbal negotiations, between promoters of a corporation and an alleged subscriber to the capital stock, the latter is given and accepts the character of an applicant for stock, whose application has not been accepted, there is no contract, and a petition predicated upon such written communications and verbal negotiations, and praying judgment against the promoters for the-stock applied for or damages, discloses no cause of action.</p> <p>TEd. Note. — For cases in point, see Cent. Dig. vol. 12, Corporations, § 209.]</p> <p>(Syllabus by the Court.)</p>