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MOTOR FINANCE & GUARANTY CORPORATION v. HOWELL

No. 4429.

3 F.2d 1020 (1925)

MOTOR FINANCE & GUARANTY CORPORATION, Appellant, v. Mrs. Kate B. HOWELL, Appellee.

Circuit Court of Appeals, Fifth Circuit.

February 21, 1925.

Attorney(s) appearing for the Case

T. M. Shackleford, Jr., of Tampa, Fla., for appellant.

G. E. Mabry and Doyle E. Carlton, both of Tampa, Fla. (G. E. Mabry, O. K. Reaves, and D. E. Carlton, all of Tampa, Fla., on the brief), for appellee.

Before WALKER and BRYAN, Circuit Judges, and DAWKINS, District Judge.

DAWKINS, District Judge.

Complainant brought this suit to rescind her subscription to the stock of defendant corporation, made on the 8th and 13th of March, 1922, for $1,500 and $7,500, respectively, upon the ground of fraud and misrepresentation. The fraud alleged consisted in representations made to her by the defendant's stock sales agent that it was a banking and mortgage company, backed by the United States government, and its stock was guaranteed to pay 20 per...

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