Sautbine v. Stroud

SANBORN, Circuit Judge.

Willis G. Sautbine, of Oklahoma City, Okl., brought this action against P. E. Stroud, of Los An-geles, Cal., for $18,384 damages for the latter’s alleged br.each of his contract to sell and deliver to the plaintiff 38,300 shares of the stock of the Black Panther Oil & Gas Company, a corporation, for 52 cents per share, when it was worth $1 a share, or $38,-300. The defendant demurred to the plaintiff’s amended complaint, on the ground that .it did not state facts sufficient to constitute a cause of action, and claimed that it did not allege facts constituting a contract…