Bradley v. Hullander

The plaintiffs herein bought all of the stock of Paul’s Pontiac-Buick Company, Inc. from the defendants and took charge of the corporation business. About two months later plaintiffs commenced this action 1 , alleging misrepresentation as to the worth of the corporation by the defendants; a rescission of the contract and damages were asked in the prayer for relief. The action is founded upon the Uniform Securities Act, § 62-1, et seq., Code of Laws of South Carolina (1962) (now § 35-1-10 et seq. of the 1976 Code). Upon commencement of the action, the parties entered into an agreement for…