Krinsky v. Title Guarantee & Trust Co.

This action was brought to rescind the purchase of a guaranteed first mortgage certificate from the defendant, on the ground that the latter falsely represented to plaintiff that the certificate represented an undivided share in a bond *835and mortgage maturing June 1, 1934, whereas the fact was that, the bond and mortgage did not mature until June 1, 1936. I

On July 23, 1931, plaintiff’s husband, acting as her agent, applied1 to defendant for a certificate in the face amount of $1,000 “ in a mortgage that would not run for more than three years.” The defendant, on receipt of $1,000, forwarded a…