Wilson v. Guaranteed Securities Co.

This is an action in equity to rescind a contract for the purchase of certain shares of the capital stock of the defendant corporation. It is alleged in the complaint that on February 20, 1928, the plaintiffs loaned to one Ferrin and wife the sum of $2,000, taking therefor their promissory note payable to plaintiffs or order 8 years after date, bearing interest at the rate of 10 per cent per annum; that, to secure payment of said note, the makers thereof executed their mortgage upon certain real estate of which they were the owners; that said mortgage was duly filed for record and recorded in…