Collis P. Huntington, Respondents v. Henry G. Attrill, Appellants

Summary

The New York Court of Appeals affirmed the judgment, holding that under the 1875 corporation statute officers are strictly liable for false material representations in certificates regardless of knowledge, that "fair value" means the property's market value at the time of sale, that comparative property evidence is inadmissible, that the civil burden of proof is a preponderance of evidence, and that the company's books were admissible evidence of its debt and the manager's authority.