Legal Opinion

Gasser v. Wall

Supreme Court of Minnesota

Decided May 6, 1910No. Nos. 16,537—(55)PublishedCited by 6 opinions

Action in the district court for St. Louis county to recover $1,500 for alleged false representations on February 2, 1907, which induced plaintiff’ to purchase a half interest in a certain receipt for ■certain shares of stock.

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Action in the district court for St. Louis county to recover $1,500 for alleged false representations on February 2, 1907, which induced plaintiff’ to purchase a half interest in a certain receipt for ■certain shares of stock. The answer denied that defendant at any time urged or requested plaintiff to purchase the stock by any statement or representation that was not in every respect true; and alleged that the parties hereto, as well as other purchasers of the stock, were disappointed in that it did not maintain the value in the market that it had upon the date of the purchase; that no…

1Opinion of the CourtO’Brien, J.

The testimony upon behalf of the plaintiff, introduced upon the trial of this action, was to the effect that the defendant having an opportunity of purchasing the right to ten thousand shares of the Parry Sound Consolidated Copper stock at the price of fifteen cents per share, aggregating $1,500, approached the plaintiff February 1, 1907, and said: “ ‘Mr. Gasser, I have a chance to buy a certificate calling for ten thousand shares of the Parry Sound Consolidated Copper stock for a price of $3,000, or thirty cents a share.’ He says: *8‘Now, Mi*. Gasser, I am not in shape to handle this entire…

2Cases cited1 opinion

  1. Church v. OdellSupreme Court of Minnesota · 1907

3Cited by6 opinions

  1. Irvine v. CampbellSupreme Court of Minnesota · 1913
  2. Sullivan v. Minneapolis Street Railway Co.Supreme Court of Minnesota · 1924
  3. Mannheimer v. PhinneySupreme Court of Minnesota · 1926
  4. Gasser v. WallSupreme Court of Minnesota · 1911
  5. Graffam v. LynottSupreme Court of Minnesota · 1927

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