Rockwell v. Peyran

Plaintiff’s theory of this case, as disclosed by his complaint, is that, on June 27, 1931, he sold and delivered to defendants one hundred and eighty-six shares of “Transamerica” stock, having a market value at that time of $1,627.50, for which payment is now demanded. Defendants’ theory of the case, as disclosed by their answer and cross-complaint, is that, on the above date, the plaintiff exchanged his “Transamerica” stock for twenty shares of preferred stock of the defendant First Guaranty Company, a corporation, and at the same time borrowed of the company the sum of $525, for which he…