A suit was instituted against the directors of an abortive company, to make them liable for acts of mismanagement and for the misapplication of its funds. This was compromised by an order on the Defendants to pay a fixed sum, One of them having paid more than his share : Held, that he could sustain a suit simply for contribution in respect of the compromise, and that the co-directors were not entitled without a cross-bill, to make the Plaintiff, at the same time, account for his general Iiabilities to the company.
Citations:
[1855] EngR 704, (1855) 21 Beav 61, (1855) 52 ER 781
Links:
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Updated: 02 May 2022; Ref: scu.292626
