Rieger v. H. I. S. Motor Corp.

— The plaintiff instituted this action against the H. I. S. Motor Company, a corporation, to rescind a contract of purchase of two thousand shares *413of the capital stock of the corporation, known as treasury stock, and to recover the sum of $10,000 paid therefor, together with interest. The action was based on fraud. The sale of the stock was made through an agent of the corporation acting under an agreement that the corporation would pay all the cost of printing an advertising prospectus to be distributed by the agent among prospective purchasers of stock, and to pay the agént sixty per cent…