Title Bond & Mortgage Co. v. Carpenter

To purchase shares of the capital stock of the People’s Coal Mining Company of Albion, Michigan, defendant gave her negotiable promissory note for $1,000. There is no evidence of fraud relative to the making of the note. It was received by the company. Its secretary turned it, with other notes, over to Riley, who, by himself and his paid agent, Maas, transferred defendant’s note, before maturity, and other notes, aggregating in all $9,000, to plaintiff, and for Which plaintiff paid $3,550 in cash and for which it issued to Riley certificates for shares of its capital stock of the value of…