Handley Investment Co. v. Trenholme

Citations

• 91 Wash. 146
• 157 P. 472
• 1916 Wash. LEXIS 1026

Syllabus

<p>Limitation of Actions — Stock—Unpaid Subscriptions — Call — Due Date. A cause of action upon an unpaid stock subscription of a solvent corporation, call for which was made payable at a future date, accrues and the statute of limitations commences to run from the date the call was due and payable, and not from the date of the call.</p> <p>Corporations- — Stock Subscription — Fraud — Purchase of Property. An allegation of fraud, inducing a subscription to the capital stock of a corporation organized for the purpose of purchasing certain real estate, is not sustained where the preponderance of the evidence was to the effect that the property was acquired at its then market value.</p>