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PHILIPPINE SUPREME COURT DECISIONS

EN BANC

[G.R. No. 45196. February 1, 1940. ]

HENRY A. BRIMO y SALVADOR E. IMPERIAL, recurrentes-apelados, contra GOLDENBERG & CO., INC., Y OTRO, recurridos-apelantes. ANTONIO A. BRIMO, tercerista-apelado.

[G.R. No. 45197. February 1, 1940. ]

ANTONIO A. BRIMO, recurrente-apelado, contra GOLDENBERG & CO., INC., Y OTRO, recurridos-apelantes.

Sres. DeWitt, Perkins y Ponce Enrile en representacion de los apelantes.

Sres. Gibbs, McDonough y Ozaeta en representacion de los apelados.

SYLLABUS


1. CORPORACIONES; ADQUISICION DE ACCIONES POR SUSCRIPCION Y NO POR COMPRA — Teniendo en cuenta que: "Whether a particular contract is a subscription or a sale of stock is a matter of construction, and depends upon its terms and the intention of the parties." (4 Fletcher Cyclopedia Corporation, Permanent edition, pag. 29, sec. 1372.) Y que: "After incorporation, one may become a shareholder by subscription, or by purchasing stock directly from the corporation, or from individual owners thereof. A distinction is drawn by the authorities between a subscription to the capital stock of the corporation after its organization and a sale of shares by it. Whether a particular contract is a subscription or a sale of stock is a matter of construction, and depends upon its terms and the intention of the parties." (Salmon, Dexter & Co. v. Unson, 47 Phil., 652); creemos que A. A. B. adquirio las 4,028 acciones por suscricion y no por eompra. Tal fue la intencion de las partes y lo demuestra el parrafo 7.
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