Goff v. Hawkeye Pump & Windmill Co.
Supreme Court of Iowa
Appeal from Potta/wattamie Circuit Court. ActioN in equity to set aside a contract of subscription to tbe capital stock of the defendant, The Hawkeye Pump and Windmill Oo. There was a decree for the plaintiff. The defendant appeals.
1Opinion of the CourtAdams, J.
The plaintiff sets up two grounds for setting aside the contract fraud and failure of consideration. The fraud is alleged to consist in certain promises as to what the company would do, which promises it has not fulfilled. The failure of consideration is alleged to consist in the failure to fulfill the promises. The court found that the consideration of the subscription had failed, and decreed that the contract be canceled, and that the property which the plaintiff gave in payment for the stock be restored to him.
The companj-, as its name indicates, is a corporation organized for the…
2Cited by4 opinions
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