146 Minn. 235 | Minn. | 1920
This evidence is sufficient to sustain the finding of the jury that plaintiff was struck by the truck and that the driver of the truck was negligent. When the driver of a vehicle approaches a street intersection, where his view is obstructed so that he cannot see travelers who may be approaching from the intersecting street, he must be on the lookout for such cross traffic, and must have his vehicle under such control that he may stop it as occasion requires. See G. S. 1913, § 2632.
Defendant Sanitary Farm Dairies is a South Dakota corporation. In 1918 it was operating a dairy business in St. Paul. On January 28, 1919, at a meeting of the stockholders, a resolution was passed submitting to their attorney the question of “the advisability of dissolving this corporation and organizing in lieu of it a Minnesota corporation.” In February, 1919, at a meeting of the stockholders, a resolution was passed
At the same meeting a second resolution was passed, reciting the foregoing, and reciting that the debts of the company amounted to $32,000, and that the value of the property above the debts was $71,000, and it was resolved that the corporation sell all its assets to the new corporation for $103,000, the sum of $71,000 to be paid in stock, the balance to be paid by an assumption by the new corporation of “all existing indebtedness and liabilities of this corporation,” and the president and secretary were authorized to “transact any and all business involved in the deal above mentioned, and all deeds, transfers, contracts, documents and instruments that might be necessary and legal and proper to carry out the object and purpose of this resolution.”
Thereupon the defendant Sanitary Farm Dairies, Incorporated, was incorporated in Minnesota. A contract was made in accordance with the foregoing resolutions and signed only by the secretary. The contract consisted of a proposal by the South Dakota corporation to sell all its property for the sum of $71,000 in stock of the Minnesota corporation and the assumption by the Minnesota corporation of “all debts and obligations of whatsoever character” of the South Dakota corporation, and an acceptance of the proposal by the Minnesota corporation. The transfer was carried out under its provisions. The South Dakota corporation deeded all its assets to the Minnesota corporation, and that corporation is now in possession of them and is operating the business. The stockholders of both corporations were the same, and the officials were practically the same.
It seems clear that the new corporation assumed the liability of the old corporation to plaintiff. The assumption of “all * * * obligations of whatsoever character” includes a liability arising in tort. Billmyer Lumber Co. v. Merchants Coal Co. 66 W. Va. 696, 66 S. E. 1073, 26 L.R.A.(N.S.) 1101; Silver King Coalition Mines Co. v. Silver King
6. The jury returned a verdict for $4,500. The trial court reduced the amount to $3,500. Plaintiff was 63 years old and was earning $2.30 a day. His head was cut. His collar bone was broken. There was a vicious union, the bones' united at an angle. He cannot normally raise his right arm. The shoulder joint has about a 40 per cent function. He has permanent paralysis of a facial nerve, and suffers head-.aehe and dizziness. The damages are not excessive.
Order affirmed.