Provan v. Bondeson

Taylor, C.

This action was brought by plaintiff as receiver of the Farmers Elevator Company of Walnut Grove upon a promissory note for $100 given by defendant to that company. Defense, that the original note of which this is a renewal was given for the purchase price of four shares of the capital stock of the elevator company of the par value of $25 each; that defendant was induced to purchase the stock and give his note therefor by fraudulent misrepresentations made by the officers and agents of the elevator company concerning its financial condition; that the John Miller Company is the sole…