Silvers v. Payne

Appellee Mrs. Payne brought this suit against R. S. Lazenby and R. O'. Silvers to recover $8,500, with interest. She alleged that on October 9, 1920, she purchased and paid cash for $7,500 worth of stock in Circle A Corporation of America; that she was induced to and did purchase same because of the representations and written guaranties made jointly by Silvers and Lazenby, whereby each of them agreed that, in consideration of her purchasing same, they would guarantee her an income thereon of $500 a. year for three years, and that at the expiration thereof, if she desired, they would take…