Vogler v. Gustin

In January and February, 3926, defendants sold to plaintiff some Class B stock of Copeland Products, Incorporated, owned by them, but which had not been accepted for filing by the Michigan securities commission. On March 13th, plaintiff tendered back the stock and demanded return of the purchase price, as provided by section 20, Act No. 220, Pub. Acts 1923 (2 Comp. Laws 1929, § 9788). Return being refused, he commenced this suit to recover the price paid. Defendants had judgment on trial before the court without a jury.

Plaintiff’s stock was paid for by brokers, to whom defendants sent it for…