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Business Organizations Keyed to Cox
Martin v. Peyton
Citation:158 N.E. 77 (1927)
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- 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.
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- 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. Review the Facts of this case here:
In 1921, the firm of K.N. & K. found itself in financial difficulties. John R. Hall was one of the partners. He was a friend of Peyton. From him he obtained the loan of $500,000 of Liberty bonds, which K.N. & K. might use as collateral to secure bank advances. The firm, however, had engaged in unwise speculations. Hall was also intimately acquainted with George W. Perkins and Edward W. Freeman. Hall entered into negotiations with them. While they were pending, a proposition was made that Peyton, Perkins and Freeman should become partners. Finally an agreement was reached, which provided that respondents were to loan K.N. & K. $2,500,000 worth of liquid securities.
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