Lambertson v. National Investment & Finance Co.

I. Appellee commenced this action in the court below to recover the sum of $20,000, with legal interest, which he alleged he was induced by the fraud of appellant to pay for shares of stock in the National Investment & Finance Company, now Burns Brothers Company. The fraud charged is the alleged false representations of appellant “that the said company was fully organized and in operation and was solvent, and that the said stock which he would receive was worth and was of the full value of $20,000.” Written subscriptions for the stock were signed by appellee.

The answer to the petition denies…