Southern Stone Company, Inc. v. Singer

665 F.2d 698 (5th Cir. 1982)

Free access to 20,000 Casebriefs

Issues

The legal issues presented in this case will be displayed here.

Nature Of The Case

This section contains the nature of the case and procedural background.

Facts

In 1974, Sam Singer helped his daughter, Susan Singer, and her fiancé, D, to organize S&M. Susan Singer and d each held 49% of S&M's stock, and Sam Singer held 2%. Sam Singer was S&M's president and chairman of the board. D was S&M's vice president and managed S&M's daily operations. Susan Singer was S&M's secretary-treasurer and kept S&M's books. S&M's business was the hauling and selling of agricultural lime purchased from P. S&M was unprofitable. Sam Singer obtained S&M's pledge of all its assets, including future accounts receivable for S&M's sale of lime. In November and December 1976, S&M continued to purchase lime on account from P. S&M ceased operations on December 31, 1976. D started his own corporation, TM, Inc. in order to continue in the business of hauling and selling lime purchased from P. TM ran up a sizeable account with P. D went to the office of P and signed a personal note for the account due from TM. P also sent D a letter allegedly recounting some statements that D had made concerning the final months of S&M's operations and the date of Sam Singer's decision to end S&M's business. The end of the letter requested that D respond to the letter if anything in the letter was incorrect. The letter was basically an admission that D and others were responsible for S&M’s debts. D never replied to the letter. After D failed to pay on the note, P sued him. On August 31, 1978, as part of the settlement of that suit, P issued a release to D. P then sued for the monies due from S&M. The district court permitted the introduction into evidence of the letter from P to D as an adoptive admission. P got the verdict and D appealed.

Holding & Decision

The court's holding and decision will be displayed here.

Legal Analysis

Legal analysis from Dean's Law Dictionary will be displayed here.

© 2007-2025 ABN Study Partner

© 2025 Casebriefsco.com. All Rights Reserved.