Corley v. Carson
Corley v. Carson
Opinion of the Court
Opinion of the Court by
Affirming.
Appellant Corley sued Luther S. Carson, Allen IT. Shemwell, N. R. Farris and George E. Allen, in the Mc-Cracken circuit court, to recover $500.00, which he alleges the said persons obtained from him through deceit, false representations and fraud in substantially the following way:. Said Carson, Shemwell, Farris and Allen in June, 1918, associated themselves together in a joint adventure for the purpose of organizing a corporation with a capital stock of $200,000.00, to take over and operate certain fluorspar mines located in Livingston county, and that said persons prepared articles of incorporation and caused the same to be recorded in the office of the clerk of the McCracken county court, and sent a copy of the same to the secretary of state of Kentucky, at Frankfort, to be recorded in his office, but that said corporation was never properly, duly, or at all, organized because the said articles were not received, accepted, approved and recorded in the office of the secretary of state; and further that the said corporation was not approved by the federal capital issue committee, which body was organized under the act of Congress of April 5, 1918, and said pretended corporation was not passed by said capital issue committee nor allowed to organize or do business. That after the said articles of incorporation had been signed and recorded in the office of- the clerk of the Me
In examining the evidence we do not find enough to support the averments of the petition to the effect that the agents of appellees falsely and fraudulently represented to appellant any material fact connected with the sale of the said stock. Indeed the averments of the petition are not such as would support a cause of action, if they had been sustained by the proof. It is neither averred nor proven by appellant Corley that the note which he gave for the said stock had ever been paid by him or that it had passed into the hands of innocent purchasers in such a way as to obligate him for its payment. He was, therefore, not entitled to recover of appellees the said sum of $500.00. Many other defects might be pointed out but the foregoing are sufficient to convince us that the trial court committed no error in adjudging that appellant’s petition be dismissed.
Judgment affirmed.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.