Miller v. Commercial State Savings Bank

Plaintiffs claim that on January 6, 1921, they were induced by two men named Parrott and Foster, who exhibited purported credentials as representatives of defendant Michigan Guaranty Corporation, to purchase 20 shares of stock of that company at $150 per share and give two notes payable to such company, one for $750 and the other for $2,250. It is their claim that these two men made material false and fraudulent statements, representing to them that they were sent by former Senator Smith, president of the company, and who was favorably known to Mr. Miller; that the stock offered was company…