Rice v. Allison

Appellant filed a declaration to recover the consideration paid by him for a certain participation certificate and attorneys’ fees. The suit is brought under section 37 of the Securities Act [Cahill’s Ill. St. ch. 32, 290] and the declaration avers that said certificate was sold to appellant by appellee without complying with and in violation of the provisions of said act. By his declaration appellant shows that prior to the commencement of this suit he tendered the said certificate to appellee and demanded that he pay back to him the consideration therefor and that he is ready and does…