Business Associations Keyed to Hamilton
McQuade v. Stoneham
Facts
Stoneham (D) the majority stockholder in the National Exhibition Company/ New York Giants Baseball Club held 1,306 shares. The other two stockholders were McQuade (P) and McGraw (D) and each of them held 70 shares paid to Stoneham (D) for the total of $50,338.10. The three entered into an agreement to use their “best endeavors” to continue to retain themselves as significant members and officers in the club. Stoneham (D) was president at $45,000 annually, McGraw (D) vice president at $7,500 annually, and McQuade (P) as treasurer at $7,500 annually. The agreement needed consent from all parties to be changed. The board of directors held four other members directed by Stoneham (D). In the next shareholder’s meeting, Stoneham (D) and McGraw (D) abstained from voting which led to a failure to reelect McQuade (P) for his position. The trial court gave McQuade (P) an award for damages but would not reinstate him to his position through specific performance.
Only StudyBuddy Pro offers the complete Case Brief Anatomy*
Access the most important case brief elements for optimal case understanding.
*Case Brief Anatomy includes: Brief Prologue, Complete Case Brief, Brief Epilogue
- The Brief Prologue provides necessary case brief introductory information and includes:
Topic:
Identifies the topic of law and where this case fits within your course outline.Parties:
Identifies the cast of characters involved in the case.Procedural Posture & History:
Shares the case history with how lower courts have ruled on the matter.Case Key Terms, Acts, Doctrines, etc.:
A case specific Legal Term Dictionary.Case Doctrines, Acts, Statutes, Amendments and Treatises:
Identifies and Defines Legal Authority used in this case.
- The Case Brief is the complete case summarized and authored in the traditional Law School I.R.A.C. format. The Pro case brief includes:
Brief Facts:
A Synopsis of the Facts of the case.Rule of Law:
Identifies the Legal Principle the Court used in deciding the case.Facts:
What are the factual circumstances that gave rise to the civil or criminal case? What is the relationship of the Parties that are involved in the case.Issue(s):
Lists the Questions of Law that are raised by the Facts of the case.Holding:
Shares the Court's answer to the legal questions raised in the issue.Concurring / Dissenting Opinions:
Includes valuable concurring or dissenting opinions and their key points.Reasoning and Analysis:
Identifies the chain of argument(s) which led the judges to rule as they did.
- The Brief Prologue closes the case brief with important forward-looking discussion and includes:
Policy:
Identifies the Policy if any that has been established by the case.Court Direction:
Shares where the Court went from here for this case.