KARTCHNER v. HORNE

No. 7911.

1 Utah 2d 112 (1953)

262 P.2d 749

KARTCHNER ET AL. v. HORNE ET AL.

Supreme Court of Utah.

October 30, 1953.


Attorney(s) appearing for the Case

Skeen, Thurman & Worsley, Verl C. Ritchie, Earl D. Tanner, Salt Lake City, for appellants.

J.R. Mulliner, Mulliner, Prince & Mulliner, Irwin Arnovitz, Salt Lake City, for respondents.


McDONOUGH, Justice.

This is an action to rescind a transaction wherein plaintiffs became shareholders of defendant corporation. Defendants Horne and Sorensen signed plaintiffs' stock certificate as officers of the corporation. Plaintiffs allege that the individual defendants made fraudulent representations as to the validity of the stock when the stock was void as an issue beyond the amount authorized in the corporate charter. The trial court found that there were...

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