Pennebaker v. Kimble

The principles of law involved in this action are old and well established; they present no occasion for a lengthy dissertation.

It is insisted that plaintiff’s allegation that the defendants represented to her that they held a permit to sell capital stock in the Guarantee Indemnity Company, and that this corporation was authorized to offer to the public its stock was not supported by the evidence. The defendants contend further that such a representation would be nonactionable because a statement to that effect would amount to nothing but the defendants’ conclusion upon a proposition of law.…