Island City National Bank v. Bank of Inverness

Citations

• 111 Miss. 311
• 71 So. 565

Syllabus

<p>Equity. Parties. Who may join as plaintiff.</p> <p>Where- one was induced to purchase stock hy false representations and gave his “promissory note therefor which was discounted by a bank’s giving its certificate of deposit, which went into the hands of a third party who sued thereon. In such case the defrauded purchaser of the stock may join with the bank in suing such third party for a rescission and cancellation of the note and certificate of deposit and. enjoining the suit by the third party, since the defrauded purchaser has -no adequate remedy at law and the other parties are necessary parties, to any suit in which full relief is granted him.</p>