Becker v. Stineman

GRIFFIN, J., pro tem.

This is an action for damages arising out of the sale of 8,500 shares of the capital stock of Coast Amusements, Inc., under circumstances more particularly described in this and in the companion case of Coast Amusements, Inc., v. F. L. Stineman (Civil No. 860), post, p. 746 [2 Pac. (2d) 447]), this day decided.

Respondent and appellants entered into a written agreement to operate a place of amusement at the Ocean Park Pier in Santa Monica. Appellants furnished certain .materials, labor and cash. Subsequently they incorporated, each subscribing for certain shares of stock…