Houston v. Welch

This is an action in equity to rescind a sale of corporate stock and to compel a return of the purchase price. The case was tried before the court sitting asi a jury, but at the close of plaintiff’s evidence defendant’s demurrer thereto was sustained and plaintiffs have appealed.

The defendant, a woman, owned a certificate of 1000 shares of a corporation named “Consolidated Arizona Copper Mines Company” and, some two or three weeks before the sale thereof which is herein sought to be annulled, called plaintiff over the ’phone and inquired as to its value. It is conceded she gave the correct…