Long Beach Brick Co. v. De Dodson

These are companion cases and by stipulation of the parties have been argued and presented together. Defendant and appellant in No. 7266, Rudeeinda F. S. de Dodson, is the mother of defendant and appellant in No. 7267, J. H. Dodson, Jr. Prior to May 13, 1924, J. H. Dodson, Jr., was a stockholder in Triangle Construction Company, a corporation. While he was such stockholder that corporation became indebted to respondent Long Beach Brick Company. On May 13, 1924, Dodson, Jr., sold and transferred all of his stock in the Triangle Company and on May 31, 1924, his resignation as secretary and treasurer was accepted by the directors of that company, effective June 1, 1924.

Prior to November 13, 1923, Dodson, Jr., was the owner of one-third of the subscribed capital stock of the Triangle Company and between that date and May 13, 1924, he was the owner of two-thirds of such stock. On June 2, 1924, Dodson, Jr., gave a check for $16,000, drawn upon an account carried jointly by his mother and himself, to respondent Long Beach Brick Company. To this check he signed his mother’s name and his own. At the same time he received a receipt from respondent acknowledging receipt from James H.…