# Wiberg v. Gulf Coast Land & Development Company

> Court of Appeals of Texas · September 5, 1962 · 360 S.W.2d 563

URL: https://www.frixlaw.com/law-library/cases/9857820

## Case

- **Full name:** Harry A. WIBERG, Appellant, v. GULF COAST LAND & DEVELOPMENT COMPANY Et Al., Appellees
- **Court:** Court of Appeals of Texas
- **Decided:** September 5, 1962
- **Citations:** 360 S.W.2d 563; 1962 Tex. App. LEXIS 2733
- **Precedential status:** Published
- **Opinion:** On rehearing
- **Judges:** McNEILL
- **Cited by:** 15 later opinions in the Frix Law Library

## Citator (automated)

- No negative treatment found by the automated citator. That is not the same as a confirmation that the case is good law; read the citing cases.
- Full citator and citing cases: https://www.frixlaw.com/law-library/cases/9857820

## How later opinions describe it (automated extraction)

- holding that a contract between a director and the corporation may be ratified by a majority of the shareholders after full disclosure

## Opinion text

ON MOTION FOR REHEARING
On further consideration we conclude that appellant is entitled perforce Art. 5070, R.C.S. 1925, to interest at six percent per annum from June 25, 1957, the date the commission contract was terminated by appellee. Federal Life Ins. Co. of Chicago v. Kriton, 112 Tex. 532 , 249 S.W. 193 ; Trice Production Co. v. Dutton Drilling Co., Tex.Civ.App., 333 S.W.2d 607 ; Sullivan v. Brininstool, Tex.Civ.App., 358 S.W.2d 898 . The judgment below is therefore reformed so as to bear interest at six percent per annum from June 25, 1957, and in all other respects is affirmed. The costs of appeal are taxed three-fourths to appellant and one-fourth to appellee.
In all other respects appellant’s motion for rehearing is overruled.

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Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/9857820. Public record. Not legal advice.