Legal Opinion
Farrar v. Hood
New Mexico Supreme Court
Decided October 10, 1952No. 5527PublishedCited by 27 opinions
1Opinion of the Court
COMPTON, Justice.
The decisive questions presented by this appeal are (a) whether the sale of speculative securities in contravention of Chapter 44, Laws of 1921, 50-1701, 1941 Comp, is void or voidable; and if voidable, (b) whether the purchaser of such securities is barred by laches from maintaining an action for rescission.
The pertinent provisions of the Act read:
“It shall be unlawful hereafter for any person, copartnership, association, common-law trust or trusteeship or corporation (hereinafter called the promoter), either as principal or through brokers or agents, to sell or offer for…
2Cases cited19 opinions
- Twin-Lick Oil Co. v. MarburySupreme Court of the United States · 1876
- Twin City Pipe Line Co. v. Harding Glass Co.Supreme Court of the United States · 1931
- Patterson v. HewittSupreme Court of the United States · 1904
- Hayward v. National BankSupreme Court of the United States · 1878
- A. C. Frost & Co. v. Coeur D'Alene Mines Corp.Supreme Court of the United States · 1941
14 more not listed; retrieve them via the Exa API.
3Cited by27 opinions
- Gerety v. DemersNew Mexico Supreme Court · 1978
- Jackson National Life Insurance v. RececoniNew Mexico Supreme Court · 1992
- Midwest Management Corp. v. StephensSupreme Court of Iowa · 1980
- City of Artesia v. CarterNew Mexico Court of Appeals · 1980
- Herrera v. C & R PAVING COMPANYNew Mexico Supreme Court · 1963
22 more not listed; retrieve them via the Exa API.