Fulmele v. Los Angeles Investment Co.

On the nineteenth day of December, 1932, respondent sold to appellant 361 shares of its capital stock and issued a certificate therefor in consideration of the sum of $1,498.15 then and there paid. The complaint alleged two classes of facts which induced him to enter into this transaction; first, that respondent represented and stated that appellant could at any time demand and respondent would, upon such demand being made, redeem and repurchase from plaintiff said -shares of stock and return and repay to plaintiff the consideration paid therefor; also, that respondent made sundry…