Charles Brown & Sons v. White Lunch Co.

CAMPBELL, J., pro tem.

This is an action brought for the rescission of a contract and the recovery of the purchase price of certain stock of the defendant corporation purchased by the plaintiff.

The plaintiff is a corporation engaged in the hardware business in the city of San Francisco, and the defendant corporation is engaged in operating a chain of restaurants. The contract between the parties, which plaintiff seeks to rescind, is evidenced by two letters, one from the defendant to plaintiff and the other from plaintiff to defendant. The letters are as follows:

“April 11, 1922.

“Messrs. Chas.…