Crofford v. Bowden

RENFRO, Justice.

Plaintiff Bowden brought suit against defendant Crofford wherein he alleged that theretofore he had traded real estate of the value of $15,000 to defendant in exchange for 1,280 shares of defendant’s personal stock of the Old Line Life Insurance Co. Suit was for rescission of the transaction on the grounds defendant had fraudulently misrepresented the value of the stock and concealed material facts.

A non-jury trial resulted in a judgment for plaintiff.

Extensive findings of fact and conclusions were filed by the court. There were findings that defendant was president of Old…