Wilson v. Iowa Southern Utilities Co.

Plaintiff, in her petition, filed October 17, 1938, alleged: that the defendant maintained an office and agency in Osceola, in charge of its agent and manager, W. F. Hutchinson, who, on October 6, 1930, sold to her five shares of the defendant’s cumulative preferred stock, of the 6 percent series, for which she paid the defendant $500; that the said Hutchinson, as a part of the transaction verbally agreed with the plaintiff that the defendant would repurchase the stock from the plaintiff, at any time upon plaintiff’s request, and would pay her therefor full par value, plus earned interest;…