Hutchison v. Brown

This controversy arises from the sale of Canadian mining securities. On or about November 1, 1945, plaintiff sold and delivered to defendant 100 units of Grand Chibougamau Prospecting Syndicate for $4,000, which we« paid to plaintiff. Thereafter, and on or about January 29, 1946, defendant subscribed for an additional 10,000 shares of stock in Grand Chibougamau Mines, Ltd., being the same enterprise incorporated, for $24,000 more, of which $10,000 was later paid. Plaintiff sues to recover the balance of $14,000 and interest upon the purchase price of these shares in the corporation, whereas…