Shores v. Hutchinson

Citations

• 69 Wash. 329
• 125 P. 142
• 1912 Wash. LEXIS 904

Syllabus

<p>CORPORATION'S-SALE OF STOCK-RESCISSION BY PURCHASER—FRAUD —Expression of Opinion—Evidence—Sufficiency. The evidence is insufficient to warrant a rescission of the sale of stock for fraudulent representations respecting its value, notwithstanding expressions of the seller’s opinion that the stock was worth what it had brought at recent sales, and statements from the hooks showing overvaluation of goods on hand, where it appears that the parties were dealing on equal footing, that before the deal was closed, the purchaser, with ample opportunity and actual knowledge, made his own investigation, disregarded advice of the officers, attended several meetings of the stockholders held in an endeavor to raise a large working capital, upon which every one understood the fate of the enterprise depended.</p>