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Business Organizations Keyed to Macey
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. The firm and its members had entered into an agreement in which the respondents were to laon K. N. & K. $2,500,000 worth of liquid securities. In compensation for the loan, the respondents were to receive 40 percent of the profits of the firm until the return was made. The loaned securities when used as collateral are not to be mingled with other securities of K. N. & K. and the trustees, Peyton and Freeman, are to be kept informed of all transactions affecting them.
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