Munson v. Gunder

Citations

• 70 Wash. 629
• 127 P. 193
• 1912 Wash. LEXIS 1096

Syllabus

<p>Corporations — Stock—Subscription—Trustee or Aoent. Where one ‘subscribed for stock as a trustee for certain creditors, it is immaterial to his liability on his subscription, so far as third persons dealing with the company are concerned, whether the creditors consented or not, since the subscriber was the owner, either as trustee, or as an agent who subscribed in his own name.</p> <p>Corporations — Stock—Sale—Action for Price — Instructions. In an action for the price of stock sold, in which the only issue is whether defendant agreed to buy it from the original subscriber, it is prejudicial error to instruct that the defendant would not be liable to the plaintiff if he subscribed for or agreed to take the stock of the company and pay it therefor; since it injected an immaterial matter as potentially determinative of the case.</p>