Oklahoma Natural Gas Corp. v. Lay

The plaintiff in error will be referred to as defendant, and the defendants in error will he referred to as the plaintiffs.

This is an action brought by Julia A. Lay, personally and by her son and next friend, W. P. Lay, as plaintiffs, against the Oklahoma Natural Gas Corporation for a rescission of contract of purchase of 20 shares of preferred stock in defendant company of the par value of $100 each, on the ground that Julia A. Lay was mentally incompetent and of unsound mind at the time of purchase of such stock. The transaction was made on the 13th day of November, 1929, on which day the…