John P. Sorenson v. Mac Elrod, Individually and Trading as Mac Elrod Associates, Glen Briar Holding Corporation, and Bank of Miami Beach

JONES, Circuit Judge.

The appellant, John P. Sorenson, brought a suit against Mac Elrod and others, including the appellee, Bank of Miami Beach. The case was tried without a jury. There is no dispute as to the evidentiary facts and the defendants offered no testimony. Elrod, under the name of Elrod Associates, sent to Sorenson, who had answered an advertisement, a folder offering to sell some sort of an interest called “points of participation” in a venture involving lands which were represented, or rather misrepresented, to be “clear,” “dry,” “choice,” “carefully selected” and “sound…