Wegener v. Emmetsburg National Bank

The pleadings are voluminous and complicated, though the salient facts are few. A preliminary statement of the facts will simplify the statement of the issues.

The plaintiff, being induced by fraudulent representations, contracted to purchase 250 shares of capital stock in the Midland Packing Company at par value of $100 per share. Under the contract, he was to pay one fourth the contract price in cash and to give his notes for the balance. In lieu .of the cash payment, however, he executed and delivered to the packing com*1269pany his two negotiable promissory notes for an aggregate sum of $6,250.…