Bentley v. Shifflet, Cumber Co.

The plaintiff in 1919 was conducting a general hardware store in the little townl of Elm in Livonia township, Wayne county. There he was approached by one Frank K. Lane, a salesman for the defendant corporation, who solicited him to purchase stock in the Detroit Transmission Company, a Delaware corporation, which had obtained authority from the Michigan securities commission, and had then contracted with the defendant as selling agent, to sell its stock in this State.

Plaintiff, at different times covering a period of the first six months in 1920, bought and paid for $750 of the stock offered.…