Radloff v. Ruggles Motor Truck Co.

Plaintiffs are husband and wife. They reside upon' a farm in Huron county. Defendant is a corporation, organized in the State of Delaware. Its business operations in this State are conducted in the city of Saginaw. Its board of directors consists of prominent business and professional men living in that city and its vicinity. On June 23, 1922, DeVere Kirby, an agent and stock salesman of the defendant, secured from plaintiffs an agreement to purchase 50 shares of the 7 per cent, cumulative preferred stock of the corporation, with par value of $100, and 50 shares of the common stock, of no par…