L. D. Garrett Co. v. Clark
New York Supreme Court
Actions against the several former stockholders- of the Traders’ Fire Ins. Co., to rescind the contract whereby plaintiff purchased the stock of said stockholders, the ground for rescission being that plaintiff was induced to enter into such contracts by false representations as to the financial condition of said company, made by a committee of directors of said company, acting as agents of the defendant stockholders.
1Opinion of the CourtScott, J.
These are two of a series of actions which have been brought against the several former stockholders of *611the Traders’ Fire Ins. Co. to rescind the contract whereby the plaintiff purchased the stock of said stockholders, the ground for rescission being that the plaintiff was induced to enter into such contracts by false representations as to the financial condition of said company made by a committee of the ^directors of said company acting as agents of the defendant stockholders. The facts upon which the action rests have been repeatedly stated in judicial opinions written in other similar…
2Cases cited4 opinions
- Roblee v. Masonic Life Ass'nNew York Supreme Court · 1902
- L. D. Garrett Co. v. MortonAppellate Division of the Supreme Court of the State of New York · 1901
- Talmadge v. Sanitary Security Co.Appellate Division of the Supreme Court of the State of New York · 1898
- L. D. Garrett Co. v. McCombAppellate Division of the Supreme Court of the State of New York · 1901
3Cited by2 opinions
- Munson v. FishburnCalifornia Supreme Court · 1920
- California Credit & Collection Corp. v. GoodinCalifornia Court of Appeal · 1926