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Miguel Velasco Vs. Jean M. Poizat 037 Phil 802

MIGUEL VELASCO, assignee of The Philippine Chemical Product Co. (Ltd.), plaintiff-appellant, vs. JEAN M. POIZAT, defendant-appellee.

G.R. No. L-11528 | 1918-03-15

D E C I S I O N


STREET, J .:

From the amended complaint filed in this cause upon February 5, 1915, it appears that the plaintiff, as assignee in insolvency of "The Philippine Chemical Product Company" (Ltd.) is seeking to recover of the defendant, Jean M. Poizat, the sum of P1,500, upon a subscription made by him to the corporate stock of said company. It appears that the corporation in question was originally organized by several residents of the city of Manila, where the company had its principal place of business, with a capital of P50,000, divided into 500 shares. The defendant subscriber for 20 shares of the stock of the company,...