Rock v. Joseph

Citations

• 60 Wash. 531
• 111 P. 783
• 1910 Wash. LEXIS 1088

Syllabus

<p>Corporations — Sale op Stock — -Fraud—Evidence—Sufficiency— Deeds — Exchange op Property. A sale of stock in a foreign mercantile company and a deed given in exchange is properly rescinded for fraud, where the vendors represented that it was solvent, doing a prosperous business, and that they had sold shares to their son at $8 per share, the statements being false and implicitly relied upon by the vendees.</p> <p>Same — Rescission—Time—Laches. A delay of three months,, after hearing of false representations, in bringing suit to rescind a sale of corporate stock and cancel a deed, will not preclude a recovery, where the delay was at the request of the plaintiff’s son, connected with the corporation, and for the reason that it was being, pressed by creditors.</p>