Reed Foundry & Machine Co v. McVey

The opinion of the court was delivered by

Hopkins, J.:

The action was one to recover on a promissory note which had been executed in payment for stock in the Savage Harvester Company. There were various defenses, general denial, no consideration, fraudulent misrepresentations, no (blue sky) permit to sell the stock, etc. The court directed a verdict for plaintiff for $4,753, and defendant appeals.

The facts were, substantially, these; On February 21, 1921, the plaintiff entered into a written contract with the Savage Harvester Company, of Denver, Colo., by the terms of which the Savage company…