Coffman v. Saat

Opinion op the Court bt

Judge Sampson-

Reversing.

Appellee, Saat, brought this action in the Kenton circuit court against Coffman, averring that Coffman had solicited him to subscribe for stock in the Coffman Stewart Oil Syndicate, and in pursuance to such solicitation he did subscribe for $3,500.00 worth of such stock and paid to the defendant, Coffman, $1,000.00 on the purchase price, it being agreed and understood between them that Coffman and his associates would form a $100,000.00 corporation and turn into it a large acreage of oil and gas leases then held by the syndicate; and further,…