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Business Organizations Keyed to Cox
Charleston Boot & Shoe Co. v. Dunsmore
Citation:
60 N.H. 85 (1880)Facts
The plaintiffs are a manufacturing corporation. Dunsmore was elected director in 1871 and Willard in 1873. On December 10, 1874, the corporation voted to choose a committee to act with the directors to close up its affairs and chose Osgood. Defendants, however, refused to act with him and contracted new debts to a larger extent than allowed by law. By their negligence, debts due to the corporation to the amount of $2,161.23 have been wholly lost. Moreover, while it was the duty of defendants to procure sufficient and proper insurance against fire to be made on the property, they did not.
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