Balliet v. Wollersheim

WÍCKHEM, J.

The defenses in this case were, (1) alteration of the instrument; and (2) fraud in its procurement. The second defense was disposed of by the jury’s findings adversely to defendant and is.not involved upon this appeal.

The facts are as follows : On May 5, 1939, Louis Lohmann owned a half interest in an oil and gas lease of premises in Clay county, Tennessee. He had paid $250 for this half interest. The gas lease was not registered as a security with the department of securities, state of Wisconsin, nor had any application for registration been made therefor. In April, 1939, Lohmann…