Kartchner v. Horne

McDonough, Justice.

This is an action to rescind a transaction wherein plaintiffs became shareholders of defendant corporation. Defendants Horne- and Sorensen signed plaintiffs’ stock certificate as officers of the corporation. Plaintiffs allege that the individual defendants, made fraudulent representations as to the validity of the stock when the stock was. void as an issue beyond the amount authorized in the corporate charter. The trial court found that there were no misrepresentations and that the issue of the stock was valid. Plaintiffs appeal.

The undisputed facts of this case are. as:…