Ark. Real Estate Co. v. Fullerton

Carleton Harris, Chief Justice.

Appellees Fullerton and Brooks purchased respectively 5,000 and 2,500 shares of stock, at one dollar per share, in Arkansas Warehouse Corporation from John Yancey, agent for Arkansas Real Estate Company, Inc.1 Subsequently, appellees instituted suit in the Pulaski County Circuit' Court alleging that the stock had been. sold to them under fraudulent representations by Yancey; further, that the stock was sold in violation of the Arkansas Securities Act, offered to surrender their stock certificates (which they had previously endeavored to do), and sought a -…