Brand v. Goodwin

24 N.Y. St. Rep. 305
CourtCity of New York Municipal Court
DecidedFebruary 6, 1889
StatusPublished

This text of 24 N.Y. St. Rep. 305 (Brand v. Goodwin) is published on Counsel Stack Legal Research, covering City of New York Municipal Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Brand v. Goodwin, 24 N.Y. St. Rep. 305 (N.Y. Super. Ct. 1889).

Opinion

Browne, J.

This action is brought to recover the sum of $1,150, for which amount it is claimed the defendant, as one of the directors of the American Opera Company, limited, has become liable under the statute, by reason of his having, as such director, joined in the annual report of the -corporation made in January, 1887, which report contained material representations which were false in fact-.

The answer admits the incorporation of the opera company, and also that the defendant was a director during bhe periods mentioned in the complaint.

The plaintiff’s claim is predicted upon a judgment recovered by him against the opera company upon two causes -of action founded upon an agreement in writing, entered into between the company and himself on July 1, 1886, whereby he was engaged in the capacity of baritone at a weekly “salary of $100, for a period of not less than twenty[307]*307íivo weeks, commencing on November 1,1886 ; the particular allegations of the first cause of action being that he commenced to perform under that agreement, and continued for a period of nine weeks ; that, he was paid only seven of the nine weeks, not having received payment for the first two weeks, as specified in the contract, amounting to §200, and the second cause of action alleging that the plaintiff was wrongfully discharged from the employment, of the opera company, on January 1, 1887, and claiming $1,000 damages for the unexpired term of sixteen weeks. '

' The judgment was entered in that action by default, on April 25,1887, for $1,823.90 damage and costs ; an execution was issued against the company thereon, and returned, unsatisfied.

After the plaintiff’s discharge, and before the expiration of the term mentioned in his contract with the opera, company, he found other employment by which he earned in the neighborhood of $750. Upon the trial this sum was credited upon his claim, thus reducing it to $1,150.

The complaint in the present action alleges not only the-facts to charge this defendant with the statutory liability, but also the facts upon which the original cause of action was based ; and the defendant, by his answer, puts in issue every fact, except that of the incorporation of the opera company, and that he was a director of such company during the period set forth in the complaint. By way of avoidance, he alleges he signed the annual report before mentioned, under instructions of counsel to said company, and in reliance upon said counsel’s statements, believing the matters set forth in the report to be true.

The first question to be determined is as to whether the report as filed was false in any material part. The plaintiff alleges many false statements, from which I select two. If the allegations are sustained as to these, sufficient is shown to maintain the cause of action, on that ground. The first-is as to stockholders; the second is the amount actually paid in for capital stock. It was stated in the report, as filed, that O. P. Huntington and N. K. Fairbank were stockholders. Huntington to the extent of $5,000, and Fairbank to the extent of $2,500, and that these sums had been'actually paid in for the stock. These gentlemen were .¿reduced as witnesses upon the trial; and each testified that he was not a stockholder, and never subscribed for any of the stock nor had ever paid to the company any sum .of money for its stock. This testimony remains uncontradicted. and the witnesses are unimpeached. The falsity of this necessarily established the falsity of the other statement as to the amount paid in for capital stock of the company. The report states that the actual amount paid [308]*308in for capital stock was $148,600, which included the sums claimed to have been paid in by Huntington and Fairbank. That these statements were material is beyond question. Section 21 of the act of 1875, under which the company was Organized, provides that an officer of the corporation shall be liable for all the debts of the corporation contracted while he is an officer thereof, where a report signed by him is false in a material representation. Section 18 requires that the corporation shall annually make a report to be filed in the office of the secretary of state, such report to state the amount of the capital, and the proportion actually paid in,.and the names of its then stockholders. The mandatory character of this section as to what the report must •contain, would be sufficient to establish the materiality of the matters required to be stated. But were we to look ior a reason for the requirement, it could be found by saying that the legislature, in its wisdom, deemed it advisable to give the public an opportunity to become advised of the financial condition, as well as the personal, of the corporation with whom it might have business dealings, and insisted upon compliance with the law by imposing personal liability upon those who assumed the duty of complying with section 18, and failed therein, in. the respects mentioned. The defendant assumed that duty, and he cannot now escape liability on the ground that be was not, as he claims, an officer of the company, within the meaning of section 21 of the act. By reference again to section 18, it will be seen that it requires that the report shall be signed by the president and a majority of the directors, and section 21 makes the officers who signed the report jointly and severally liable for its falsity. The two sections should be read together, and when thus read it would be illogical to say it was not intended that all who signed the report should come within the designation of officers. The report was required to be signed by but one person popularly known as an officer, and by the others named as directors. The legislature did not intend that those who were possessed of the qualification necessary to make the annual report were to be liable, as “ officers ” of the corporation, for the material false statements.

Bouvier defines directors to be “persons appointed or elected according to law, authorized to manage and direct the affairs of a corporation or company;” and an officer to be one “who is lawfully invested with an office.” A director is such an officer because he is lawfully invested with the power to manage the affairs of the corporation. See 7 Metc., 152; 10 Gray, 173.

This leads us to the question whether the claim in this action was a debt of the company during the time the de-^ [309]*309fendant was an officer. The contract was made on July 1, 1886, to go into effect November 1, 1886. By its terms, the plaintiff agreed to place his entire services in the capacity of baritone, at the disposal of the company for a period of not less than twenty-five weeks, the company agreeing to pay for such services the sum of $100 per week, or $2,500 in the aggregate. This' obligation, incurred on November 1, 1886, was dependent upon performance or offer to perform by the plaintiff of his part of the contract. The -evidence in this case is, that the plaintiff not only performed as long as he was permitted, but was also ready and willing to continue in the fulfillment of his part of the contract at the time he was stopped and prevented by the company’s general manager, Locke. It has been held in Howard v. Daly (supra, 61 N. Y., 362), that where a performer was ready and willing to enter upon the duties of his engagement, but was prevented by his employer absolutely repudiating the contract, he was entitled to recover the amount of compensation fixed by the contract of employment for the whole term, not as wages, but as damages for the breach; and in Everson v. Powers (89 N.

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Bluebook (online)
24 N.Y. St. Rep. 305, Counsel Stack Legal Research, https://law.counselstack.com/opinion/brand-v-goodwin-nynyccityct-1889.