Kummli v. Stevenson

District of Columbia Court of Appeals

Kummli v. Stevenson

213 A.2d 896, 1965 D.C. App. LEXIS 258

District of Columbia Court of Appeals·Decided November 5, 1965·No. No. 3756·Published

Opinion

PER CURIAM:

The issue in this case was whether certain money advanced by appellants over a period of time for the benefit of a now insolvent corporation was payment towards the purchase of an interest in the corporation, or was a personal loan to appellee, the controlling stockholder of the corporation. This issue of fact, on conflicting evidence, was determined against appellants, and we find no legal basis for overturning that determination.

Affirmed.

Free access — add to your briefcase to read the full text and ask questions with AI

PER CURIAM:

The issue in this case was whether certain money advanced by appellants over a period of time for the benefit of a now insolvent corporation was payment towards the purchase of an interest in the corporation, or was a personal loan to appellee, the controlling stockholder of the corporation. This issue of fact, on conflicting evidence, was determined against appellants, and we find no legal basis for overturning that determination.

Affirmed.

Kummli v. Stevenson, 213 A.2d 896, 1965 D.C. App. LEXIS 258 (D.C. 1965).

Pincite

213 A.2d 896 (Kummli v. Stevenson) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.