Long v. Douthitt

Opinion of the Court bt

Judge Carroll

Affirming.

*4281 lie appellant Long was a stockholder and director in the May Pants Company of Mayfield, Kentucky, and in October, 1905, sold to the appellee, Douthitt, twenty-three and one-half shaies of stock for $141.50 per share. This suit was brought by Douthilt to recover the amount so paid, upon the ground that the stock was worthless ..u the time of his purchase, and'that he liad been induced ,to buy it by the "guaranty and representation of Long, that- it was worth the price paid. Upon a trial, he recovered a judgment for $2,673.00, and this judgment we…