OLD PENN TAVERN, INC. v. KUBIAK et al.


199 Pa.Super. 229 (1962)

Old Penn Tavern, Inc. v. Kubiak et al., Appellants.

Superior Court of Pennsylvania.

September 13, 1962.


Attorney(s) appearing for the Case

Francis T. Anderson, with him John Patrick Walsh, for appellants.

Nicholas G. Petrella, for appellee.

Before RHODES, P.J., ERVIN, WRIGHT, WOODSIDE, WATKINS, MONTGOMERY, and FLOOD, JJ.


OPINION BY FLOOD, J., September 13, 1962:

The principal issue raised by this appeal is whether a corporation which has elected to accept for itself the benefit of a purchase of shares of its stock by corporate officers with corporate assets, including funds borrowed by the corporation, may also recover from the officers the interest and service charges incurred by it in connection with the transaction. The appeal...

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