Cole v. Speer & Sons Co.

In an action upon an alleged agreement of defendant to repurchase certain bonds at maturity, plaintiff had judgment for $2,370.31 on the finding of the court that defendant’s answer failed to set up a legal defense, and defendant appeals.

The amended complaint alleged that on or about December 24, 1926, a salesman for defendant called on plaintiff at Iron Mountain, Michigan, the home town of plaintiff, and offered to sell to him four Village of Mundelein six per cent improvement bonds at $500 each; that plaintiff orally stated he would purchase said bonds; that no writing of any kind was…