Gee v. Moss
Supreme Court of Iowa
Appeal from Des Moines District Oourt. Plaintiff brought this action to recover damages on account of certain alleged false and fraudulent repiresentations made by defendant concerning the business and financial condition of the Burlington Shirt & Steam Laundry Company, an incorporation of which he was an officer and member, by which pilaintiif was induced to purchase twenty-four shares of the capital stock of said corporation and piay therefor the piar value thereof, which…
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Appeal from Des Moines District Oourt. Plaintiff brought this action to recover damages on account of certain alleged false and fraudulent repiresentations made by defendant concerning the business and financial condition of the Burlington Shirt & Steam Laundry Company, an incorporation of which he was an officer and member, by which pilaintiif was induced to purchase twenty-four shares of the capital stock of said corporation and piay therefor the piar value thereof, which was §2,400. There was a verdict and judgment for pilaintiff. Defendant appeals.
1Opinion of the CourtDeed, J.
It is alleged in the pietition that defendant, for the purpose of inducing pilaintiff to purchase said shares of stock, represented to him that the corporation was solvent and free from debt, and had on hand a stock of goods worth several thousand dollars, which were piaid for, and that its business was in a prosperous condition, and its capital stock was- worth $100 pier share, and that pilaintiff, relying on these representations, purchased twenty-four shares of said stoqk, and paid $2,400 therefor. It is also alleged that at the time these repiresentations were made defendant was the…
2Cases cited1 opinion
- Smith v. State InsuranceSupreme Court of Iowa · 1882
3Cited by16 opinions
- Iconco, a Corporation, and Cross-Appellant v. Jensen Construction Company, a Corporation, and Cross-AppelleeCourt of Appeals for the Eighth Circuit · 1980
- Lockard v. CarsonSupreme Court of Iowa · 1980
- State v. EanSupreme Court of Iowa · 1894
- Hoskins v. HightSupreme Court of Alabama · 1891
- Seymour v. Chicago & Northwestern Railway Co.Supreme Court of Iowa · 1917
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