Doran v. Eaton
Supreme Court of Minnesota
Plaintiff brought this action in the district court for Ramsey county to recover damages for alleged fraudulent representations, alleged to have been made by defendants, inducing the plaintiff to subscribe and pay for certain mining stock. The answer denied that defendants made any of the alleged representations, or that the same were false, or that plaintiff relied upon them, and denied that plaintiff had been damaged in any sum.
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Plaintiff brought this action in the district court for Ramsey county to recover damages for alleged fraudulent representations, alleged to have been made by defendants, inducing the plaintiff to subscribe and pay for certain mining stock. The answer denied that defendants made any of the alleged representations, or that the same were false, or that plaintiff relied upon them, and denied that plaintiff had been damaged in any sum. The action was tried before Wilkin, J., and a jury, and defendants had a verdict. A motion on a bill of exceptions for a new trial was denied, and the plaintiff…
1Opinion of the CourtGileillan, C. J.
The evidence offered that the stock had no market value, without evidence that it had ever been offered for sale, was of course inadmissible; for while it is true that ordinarily, and as a general rule, market value — that is, the value in the markets where personal property is bought and sold — is the proper measure of actual value, it is idle to inquire what is the market value of any article in places where such articles were never bought and sold, nor offered for sale. Such articles, of course, have no market value, and can have no market value, in such places; and the fact that they have…
2Cited by10 opinions
- Fargo Gas & Coke Co. v. Fargo Gas & Electric Co.North Dakota Supreme Court · 1894
- Alden v. WrightSupreme Court of Minnesota · 1891
- Warfield v. ClarkSupreme Court of Iowa · 1902
- Johnson Service Co. v. KruseSupreme Court of Minnesota · 1913
- Henry v. KopfSupreme Court of Connecticut · 1925
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