Facts
The Toronto Construction Co. had four directors, Mr GM Deeks, Mr GS Deeks, Mr Hinds and Mr Cook. It helped in construction of railways in Canada. The first three directors wanted to exclude Mr Cook from the business. Each held a quarter of the company's shares. Deeks, Deeks and Hinds took a contract with the Canadian Pacific Railway Company (for building a line at the Guelph Junction and Hamilton branch) in their own names. They then passed a shareholder resolution declaring that the company had no interest in the contract. Mr Cook claimed that the contract did belong to the Toronto Construction Co and the shareholder resolution ratifying their actions should not be valid because the three directors used their votes to carry it.
Read more about this topic: Cook V Deeks
Famous quotes containing the word facts:
“News reports don’t change the world. Only facts change it, and those have already happened when we get the news.”
—Friedrich Dürrenmatt (1921–1990)
““It is of the highest importance in the art of detection to be able to recognise out of a number of facts which are incidental and which are vital.... I would call your attention to the curious incident of the dog in the night-time.”
“The dog did nothing in the night-time.”
“That was the curious incident.””
—Sir Arthur Conan Doyle (1859–1930)
“Facts as facts do not always create a spirit of reality, because reality is a spirit.”
—Gilbert Keith Chesterton (1874–1936)