MID-STATES EQUIPMENT COMPANY v. Evans

This is an action for fraud resulting from defendant’s sale of a grain elevator construction business to plaintiff. Verdict and judgment were for pláintiff in the District Court. The judgment is affirmed.

Defendant negotiated the sale of all stock in the R. A. Evans Contracting Company to plaintiff for the sum of $48,963 of which amount $28,000 has not been paid. A written sale agreement was entered into on April 18, 1969, to which was attached a financial statement which it was agreed “accurately reflects the true financial condition of the company” as of December 31, 1968, “prepared in…