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QUINN-MARSHALL CO. v. McDANIELS CO.

No. 778.

5 F.Supp. 937 (1934)

QUINN-MARSHALL CO. v. McDANIELS CO., Inc.

District Court, M. D. North Carolina, Winston Salem Division.

February 12, 1934.

Attorney(s) appearing for the Case

E. C. Bivens, of Mount Airy, N. C., for creditors.

Benet Polikoff, of Winston Salem, N. C., for trustee.

L. C. McKaughan, of Winston Salem, N. C., referee.

HAYES, District Judge.

It appears from the evidence that the Quinn-Marshall Company and E. W. McDaniels organized a corporation and called it the McDaniels Company, Incorporated, and subscribed for $18,000 of capital stock; Quinn-Marshall taking $12,000 and E. W. McDaniels taking $6,000. This stock was paid for by the sale of stock of merchandise which was then owned by the Quinn-Marshall Company. McDaniels gave his individual note to Quinn-Marshall Company covering...

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