Hudson v. West

Citations

• 189 Pa. 491
• 42 A. 190
• 1899 Pa. LEXIS 676

Syllabus

<p>Contract— Corporation—• Stock.</p> <p>In an action of assumpsit for money had and received a verdict and judgment for the plaintiff will be sustained where it appears that he gave money to the defendants under an agreement that he should receive certificates of stock of a corporation to bo formed by defendants for the manufacture of certain patent articles ; that no such corporation was formed by defendants, and that the plaintiff waited five years for the organization of the company, before bringing suit. In such a case, it is immaterial that the defendants used plaintiff’s moneys in the developement of patents, or that they used due efforts without success to form the company; nor is it of any consequence who should have control of the patents, when issued.</p>