Graham v. Dye

This was an action of assumpsit brought by appellee to recover of appellant $7500 paid by appellee for stock of the Illinois Tractor Company to appellant, who it is alleged made the sale to appellee as agent of the tractor corporation. The declaration is based on the Illinois Securities act of 1919, and alleges that said stock was not a security mentioned in class A, B or C in said act but was securities described in class D; that the tractor corporation was licensed February 24, 1919, to sell securities in class D, but that license was canceled and revoked June 10, 1919, by the legislature,…