Hendricks v. Martin

Martin and wife sued the appellant to rescind a sale of certain oil stock and to recover the consideration paid by them to appellant. They allege that they paid appellant $5,000 for certain shares of stock of the Southwestern Oil & Gas Company on or about-the 1st day of April, 1920; that the said Oil & Gas Company was a joint-stock company, organized as a common-law trust association; that in order to induce the plaintiffs to purchase the stock Hendricks made fraudulent representations as to the amount which had been subscribed for stock by other purchasers, and as to the amount which the…