82 Iowa 288 | Iowa | 1891
I. The appellees contend that the assignment does not sufficiently specify the very errors objected to. In our view of the pleadings the assignment is sufficiently specific. Though the petition is in two counts, the sole relief asked is to charge the defendant with the judgment against the corporation.
If the creditor may recover when the debt exceeds the limit fixed, surely he may, for the same reasons, recover when there has been a failure to fix any limit. The materiality of this requirement is emphasized by the fact that “the highest amount of indebtedness to' which the corporation is at any time to subject itself must be contained in the notice required to be published. We are of the opinion that this omission was a failure to comply substantially with the requirements of section 1061.
III. Section 1062 requires that notice containing certain statements must be published “for four weeks
IY. The appellees sold goods and gave credit to the Tama Furniture Company as a corporation. They
Our conclusion is that the judgment of the district court should be aeeirMed.