Hotaling v. A. B. Leach & Co.

This is an action to recover $980 for fraud and deceit inducing plaintiff to purchase a $1,000 bond of the National Oil Company, a New Jersey corporation. The nature of plaintiff’s cause of action is indorsed on the summons: “ For damages for fraud and deceit on the sale of ‘ One First Lien Seven per cent. Serial Gold Bond of the National Oil Company of New Jersey.’ ” The bill of particulars contains allegations charging defendants with having induced him to buy the bond by fraudulent representations made orally by a bond salesman and issuance of a printed circular in the form of a…