Collis v. Kraft

*532The opinion of the court was delivered by

Dawson, J.:

This was an action on a promissory note. There was a good defense of want of consideration and fraud. The controlling question here is whether the plaintiff was a holder in due course.

The facts were these: An agent of the Pierson Manufacturing Company, a Topeka concern engaged in making gasoline engines and certain patented specialties, called on the defendant and induced him to purchase $2,000 worth of the company’s stock. Very alluring representations touching the financial standing, business activities and outlook of the company were made…