Mills v. Knudson

Citations

• 54 Wash. 614
• 103 P. 1123
• 1909 Wash. LEXIS 1043

Syllabus

<p>Fraud — In Sale of Stock — Pleadings—Complaint—Sufficiency. A complaint states a cause of action for fraud in the sale of shares of corporate stock in that the vendor falsely represented that the corporation was not indebted on certain promissory notes, without alleging that the plaintiffs had paid the notes, or without alleging the value of the stock, or stating in so many words, that it was of less value by reason of liability on the notes.</p> <p>Same — Measure of Damages. The measure of damages for falsely representing, on the sale of one-half of the stock of a corporation, that it was not indebted, would be one-half of the amount of the indebtedness.</p>