Wilson v. Guaranteed Securities Co.

ELIAS HANSEN, Justice.

Plaintiffs brought this suit to rescind an executed contract whereby plaintiffs transferred to the defendant company a note together with a real estate mortgage given to secure the payment of the note, and the defendant company transferred to the plaintiffs twenty shares of its capital stock. The note and mortgage involved in the transaction were for the principal sum of $2,000. The par value of the stock was $100 per share. This is the second time the cause has been before this court. On the former appeal the only question before us was whether or not the Wilsons had a…