McNair v. Southern States Finance Co.

Succinctly, tbe main material contentions of plaintiff and defendant, tbe Finance Company, are: On tbe part of plaintiff: That prior to 9 May, 1923, J. J. Quinby came to James L. McNair and represented that be was agent of Tom G. Taylor, who was tbe duly appointed agent of tbe Finance Company, to organize to sell its preferred and common stock. J ames L. McN air entered into tbe negotiations with Quinby and purchased tbe stock on 9 May, 1923, for bis father, tbe plaintiff. Tbe false and fraudulent representations which be relied on and which induced him to purchase tbe 4,000 shares of common…