Grace Securities Corp. v. Roberts

This case was tried by the court without the intervention of a jury upon a stipulation of the evidence.

On September 21, 1927, Mrs. Roberts called on Oscar E. Parrish, the executive and acting vice-president of Grace Securities Corporation, at the office of this corporation. While she was in his office Parrish suggested to her that she purchase sixty shares of the common stock of Grace Securities Corporation at $2,655.00 ($44.25 per share). At *807first she refused; but Parrish assured her that, if she would purchase this block of stock, Grace Securities Corporation would repurchase it at this…