Spangler v. Johnson

Lively, PbesideNT:

Plaintiff, Spangler, asks for rescission and cancellation of a written contract with defendants, Johnson and Yan Fleet, whereby he purchased from them the entire capital stock of the No. 2 Gas Coal Company, capitalized at $10,000. The ground for relief is fraud and misrepresentation. The decree granted the relief prayed for, and defendants Johnson and Yan Fleet appeal.

The contract, dated Nov. 1, 1920, is between No. 2 Gas Coal Company, a corporation, and Johnson and Van Fleet as the vendors and Spangler as the vendee, and recites that the corporation is the owner of a…