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eBook details

• Title: Mccoy v. Pastorius
• Author : Colorado Supreme Court
• Release Date : January 09, 1952
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 54 KB

Description

Pandora, a corporation, and L. M. Pastorius, a stockholder thereof, as plaintiffs, filed their complaint against McCoy and Jensen in the district court of Jefferson county. In the complaint it was alleged that Pandora owned certain mining claims in Boulder county upon which were located peat moss deposits which were valuable commercially. It was further alleged that former officers of Pandora, acting on their own initiative and without approval of the board of directors, entered into contracts with McCoy and Jensen giving them the exclusive privilege of removing the peat moss from said mining properties. The written agreement in effect at the time the complaint was filed was attached to the complaint as Exhibit A. It also was alleged in the complaint that the agreement was void and of no effect because the former officers were not authorized by the board of directors to issue or enter into said contract and for the further reason that the agreement was lacking in mutuality and was unilateral. Plaintiffs sought an adjudication decreeing said contract to be void.

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