Emerson v. Associated Gas & Electric Co.

The complaint alleges that the defendant sold the plaintiff eight debentures at par, or $800, and “ promised and agreed to pay to the plaintiff the sum of $98.00 on each $100.00 certificate at any time that she demanded the payment,” and further, “ that thereafter the said plaintiff demanded the repayment from the defendant of the sum of $98.00 per $100.00 certificate and tendered the said certificates * * *; that said demand and payment has been refused by defendant.”

In substance the complaint alleges that when the plaintiff purchased the debentures of the defendant, the defendant agreed, on…