Southern Bldg. & Loan Ass'n v. Waldrop

Plaintiff entered into a written contract with the agent of defendant for the purchase of 50 units of the full participating capital stock of defendant’s company, for which he paid $250 cash, as the initial payment. This transaction was had on January 18, 1929. Plaintiff claims that the contract and money was obtained from him by fraud and misrepresentation of the contents of the contract on the part of defendant’s agent. To the complaint, as filed, defendant, among other pleas, pleaded the statute of limitations of one year. This was admittedly a good plea. To this plea plaintiff filed…