Martin Investors, Inc. v. Vander Bie

ROGOSHESKE, Jus1<ice.

Defendants Computer Capital Corporation (CCC) and named individuals appeal from a judgment finding them in violation of the Minnesota Franchises Act, Minn.St. c. 80C, and guilty of common-law fraud and, upon these grounds, awarding plaintiff, Martin Investors, Inc., (Martin Investors) rescission of the contract between the parties and recovery of amounts expended thereunder. . We hold that CCC was correctly found to have offered a franchise for sale within this state without having an effective registration statement on file with the state commissioner of securities, in…