Jackson v. Clemson

Opinion bx

Linn, J.,

Plaintiffs sued for $5,000 on a written contract whereby they agreed to sell to the defendant — one of a syndicate — an undivided one-fiftieth interest in a block of 2,121,396 shares of the capital stock of Rand Consolidated Mines, Limited. The contract was dated March 14, 1922. Defendant was one of a number of purchasers who signed, and agreed to pay severally, and not jointly, sums set opposite their names, part of the total consideration, $250,000. The amount subscribed by each was payable within five years from date, “with interest at 6% per annum, payable semiannually…