Southern Building & Loan Ass'n v. Bryant

The count was one on the case claiming $3,-000 for deceit in the sale to plaintiff on the 4th day of February, 1929, of a “surplus certificate,” issued by the defendant, a building and loan association. It is charged that an agent of the defendant on the sale made representations to the effect that plaintiff was purchasing stock which had a value of $250, and which bore interest at the rate of 8 per cent., on which plaintiff could at any time withdraw his $250, with interest; that these representations were false and were willfully made and knowingly false; that the surplus certificate had no…