Quimbee logo
DMCA.com Protection Status

J.F. Anderson Lumber Co. v. Myers

206 N.W. 2d 365, 296 Minn. 33 (1973)

Case BriefRelatedOptions
From our private database of 35,600+ case briefs...

J.F. Anderson Lumber Co. v. Myers

Minnesota Supreme Court

206 N.W. 2d 365, 296 Minn. 33 (1973)

Facts

Richard T. Leekley and his wife were the sole stockholders of Richard T. Leekley, Inc. (defendant) Leekley and his wife then formed a new corporation named Leekley’s, Inc. (Leekley’s), and they were the sole stockholders and officers of the new corporation. The two businesses were similar home-construction and home-remodeling companies. Following the incorporation of Leekley’s, Richard T. Leekley, Inc., transferred two trucks and equipment to Leekley’s for $1,700, and three employees from Richard T. Leekley, Inc., were hired to work at Leekley’s. Leekley’s did not acquire any of Richard T. Leekley, Inc.’s business contracts or debts. Prior those transactions, Richard T. Leekley, Inc., was insolvent for several years, and upon the transfer of assets, the company was dissolved with debts of around $40,000. J. F. Anderson Lumber., Co (plaintiff) sued and ultimately obtained judgment against Richard T. Leekley, Inc., for $24,652 for material bought for a project that J. F. Anderson had worked on and that was headed by Richard T. Leekley, Inc. Because Richard T. Leekley, Inc., was insolvent, J. F. Anderson argued that Leekley’s should be responsible for the judgment because the assets transferred to Leekley’s were transferred without adequate consideration. The trial court agreed with J. F. Anderson, and Richard T. Leekley, Inc., appealed.

Rule of Law

Issue

Holding and Reasoning (Olson, J.)

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 618,000 law students since 2011. Some law schools—such as Yale, Berkeley, and Northwestern—even subscribe directly to Quimbee for all their law students.

    Unlock this case briefRead our student testimonials
  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students.

    Learn about our approachRead more about Quimbee

Here's why 618,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 35,600 briefs, keyed to 984 casebooks. Top-notch customer support.
  • The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
  • Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.

Access this case brief for FREE

With a 7-day free trial membership
Here's why 618,000 law students have relied on our case briefs:
  • Reliable - written by law professors and practitioners, not other law students
  • The right length and amount of information - includes the facts, issue, rule of law, holding and reasoning, and any concurrences and dissents
  • Access in your class - works on your mobile and tablet
  • 35,600 briefs - keyed to 984 casebooks
  • Uniform format for every case brief
  • Written in plain English - not in legalese and not just repeating the court's language
  • Massive library of related video lessons - and practice questions
  • Top-notch customer support

Access this case brief for FREE

With a 7-day free trial membership