McDonough v. Williams
Supreme Court of Arkansas
Appeal from Sebastian Circuit Court; Styles T. Rowe, Judge; STATEMENT by the court. This is an action brought by G. T. Williams against Jas. B„ McDonough to recover damages for fraud and deceit alleged to-have been practiced by the defendant to plaintiff’s injury in the purchase by defendant from plaintiff of shares of stock in the Montreal Coal Company, a domestic corporation owning and operating a coal mine in Sebastian County.
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Appeal from Sebastian Circuit Court; Styles T. Rowe, Judge; STATEMENT by the court. This is an action brought by G. T. Williams against Jas. B„ McDonough to recover damages for fraud and deceit alleged to-have been practiced by the defendant to plaintiff’s injury in the purchase by defendant from plaintiff of shares of stock in the Montreal Coal Company, a domestic corporation owning and operating a coal mine in Sebastian County. The corporation was organized with a capital stock of $50,000, of which-$24,000 was subscribed and issued — $9,000 to the plaintiff, Williams, $3,500 to his…
1Opinion of the Court
McCulloch, J.,
(after 'stating the facts.) 1. This is an action for frapd and deceit alleged to have been practiced by appellant upon appellee in the purchase of shares of corporation stock from the latter. The complaint is framed upon that theory. It is therein alleged that the defendant made false and fraudulent representations as to certain facts, and falsely and fraudulently concealed certain facts, and that plaintiff, “believing that all had been fully and fairly disclosed by defendant, agreed to sell and •did sell to defendant his stock” at the par value thereof, and that the actual…
2Cases cited10 opinions
- Schmidt v. MesmerCalifornia Supreme Court · 1897
- Johnson v. CulverIndiana Supreme Court · 1888
- Whitney v. . AllaireNew York Court of Appeals · 1848
- Thompson v. LibbySupreme Court of Minnesota · 1886
- Haven v. NealSupreme Court of Minnesota · 1890
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- Paepcke-Leicht Lumber Co. v. TalleySupreme Court of Arkansas · 1913
- Waggoner v. ZundelowitzTexas Commission of Appeals · 1921
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