Jeffers v. Taylor

Opinion op the Court by

Judge Miller

Affirming.

On September 22, 1911, the appellee, W. B. Taylor, bought 300 shares of the capital stock of the Central Life Insurance Company for -which he paid $150.00 in cash, and gave the company his note for. $2,550.00, the balance of the purchase money. About the same time the appellee, J. W. Vicars, bought 500 shares of the' same issue of stock for which he executed to the company his note for $1,250.00.

’ On August 9, 1913, Taylor and Vicars filed separate ' actions in the Pike circuit court against the insurance company to cancel their notes, upon the…