Lang v. General Discount Corp.

DUNN, Chief Justice.

These cases represent the fourth opportunity this court has had to review the operations of defendant General Discount Corporation (General Discount) and its president, defendant William Smith (Smith).1 In the actions presently at bar, plaintiffs hold Redemption Certificates and Certificates of Accrued Interest of General Discount.2 They are seeking payment on these certificates (1) as promissory notes fully matured and payable along with seven percent interest from date of issuance, November 15, 1965, and (2) upon grounds of deceit by General Discount and Smith under SDCL…