Smith v. Smith

PEDEN, Justice.

This cause was brought by the appellee to recover $25,000.00 (less $1,250.00, returned to him as income) which he paid to his brother, the appellant, under circumstances which appellee asserts amount to a sale or an offer for sale of unregistered securities by an unregistered seller in violation of the Civil Liabilities Section of the Texas Securities Act, Article 581-33, Vernon’s Ann.Civil Statutes. Appellant denies that he made a sale and contends he was acting only for appellee.

The trial court entered a judgment non obstante veredicto after receiving a jury verdict which…