Goodin v. Palace Store Co.

Alleging that he was induced by fraudulent representations of its president to purchase capital stock of the Palace Store Company when that corporation was insolvent, and that he did not discover the fraud practiced upon him until the corporation made an assignment for the benefit of creditors, the plaintiff brought this action against the corporation and its assignee to rescind the sale and for the return of the purchase-price of the capital stock. The trial of the cause resulted in judgment in favor of the plaintiff. The defendants appealed.

Appellants contend that respondent was not induced…