Kahn v. Schleisner

The testimony in this case tends to show, and it is uncontradicted, that some time in the month of April, 1929, the appellee approached the appellant and suggested that they buy shares of stock of the Central Aguirre Sugar Company, of the large earnings of which company appellee professed to have knowledge; that appellant at first hesitated about it, whereupon appellee said he would guarantee appellant against loss, and divide any profits that might arise out of the transaction; that appellant had no knowledge of this stock, but relied entirely on appellee; that following this discussion they…