Grant v. Lovekin

Opinion by

Mr. Justice Simpson,

Plaintiff alleges that, in the fall of 1922, he was induced, by certain false and fraudulent representations of defendant, to purchase from the latter a number of shares of corporate stock. On March 1, 1923, plaintiff became vice-president and general manager of the company, and subsequently its president. He says it was not until the end of May, 1923, that he became sure the inducing representations were false and untrue. He did not even then elect to rescind the contract, however, but waited until the latter part of November of that year, when, for the first…