Wright v. Iowa Southern Utilities Co.

— The trial court having sustained the demurrer, it will be necessary to summarize the petition. On August 29, 1939, plaintiff-appellant filed his petition which, as amended, states that during 1930 Mrs. Emma Steele purchased from defendant-appellee 34 shares of its stock for $3,400; that at the time of the purchase, one Bulmahn, an executive officer 'of the company, orally agreed that appellee would repurchase the stock at any time Mrs. Steele desired and would return to her within 90 days from any demand for repurchase $3,400 less 2%, and if appellee did not repurchase said stock within…