Wright v. Iowa Power & Light Co.

The record shows that at various times between January 17, 1929, and September 23, 1930, the defendant, through its agent, C. E. Bauman, sold, plaintiffs 26 shares of its preferred six per cent stock in the Iowa Power & Light Company at $100 per share. The record also shows without dispute that said Bauman was an agent of the defendant company, duly authorized to sell its stock. Every time he sold any of said stock to plaintiffs, he agreed with them that the investment was perfectly safe and that the company would repurchase the stock at any time they desired, and that they could get their…