Woodyard v. Hunt

OPINION

COHEN, Justice.

Appellant sued appellee for common law fraud and fraud under Tex.Bus. & Comm. Code sec. 27.01 (Vernon 1968). The jury affirmatively answered the special issue on fraud, but awarded zero dollars in damages. The trial court entered a judgment that appellant take nothing.

Appellant proved that in February of 1978, appellee induced him to pay $35,000 to purchase V6 of the shares of stock in a corporation, Champions South Development, Inc., by falsely representing that the corporation had or would soon acquire the right to purchase a certain 15.3 acre tract. In fact, only 1.43…