Rennie v. Freeway Transport

HOLMAN, S. J.

Plaintiff, as administrator of his father’s estate, brought an action for fraud, contending that misrepresentations had been made to him as administrator concerning the value of a stock interest which the estate held in Freeway Transport, a closely-held corporation. As the result of these alleged misrepresentations, he contends, he, as administrator, was induced to sell the estate’s interest to defendants at a sum which was a mere fraction of its true value. Plaintiff appeals from a summary judgment for defendants.

During probate, plaintiff in his individual capacity transferred…