Wipf v. GENERAL DISCOUNT CORPORATION

WOLLMAN, Judge.

This is an appeal by General Discount Corporation (General Discount) and William M. Smith (Smith) from a judgment in favor of plaintiff Andrew Z. Wipf in his suit against General Discount, Smith and Andrew Aman. The trial court dismissed the complaint aganist Andrew Aman.

The factual background of this case is in many respects similar to that in the case of Hofer v. General Discount Corp., 86 S.D. 133, 192 N.W.2d 718, and we refer to that case for further particulars.

Sometime prior to 1960, plaintiff purchased from General Discount certain guaranteed debentures in the principal…