Schiessler v. Pierce
Michigan Supreme Court
Error to Wayne; Richter (Theodore J.), J. Case by John Schiessler and others against James G. Pierce and others for fraud in the sale of corporate stock. Judgment for defendants non obstcmte veredicto. Plaintiffs bring error.
1Opinion of the CourtSharpe, J.
Plaintiffs claim that in August, 1920, the individual defendants, in order to induce them to purchase stock in the defendant corporation, did represent to them that the capital stock of the corporation was but $50,000, whereas in fact it was $250,000; that, relying on such representation, they purchased 250 of such shares, paying therefor $2,500; that such representation was falsely and fraudulently made; that, after discovering such fraud, they tendered the stock to the defendants and demanded a return of their money, which demand was refused. This suit is brought to recover the money paid.…
2Cases cited6 opinions
- Roberts v. MilesMichigan Supreme Court · 1864
- Allison v. WardMichigan Supreme Court · 1886
- Robinson v. CromeleinMichigan Supreme Court · 1867
- Matteson v. MorrisMichigan Supreme Court · 1879
- Brooks v. CulverMichigan Supreme Court · 1912
1 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- Garey v. Morley BrothersMichigan Supreme Court · 1926
- Frederick v. HillMichigan Supreme Court · 1924
- Tek-Ni-Kal Employees Credit Union v. AtkinsMichigan Court of Appeals · 1968