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LUNGREN v. LAMONI PROVISION COMPANY

No. 49007.

82 N.W.2d 749 (1957)

Clifford LUNGREN, Appellee, v. The LAMONI PROVISION COMPANY, Inc., a corporation; David O. Thompson and James K. Smith, Appellants.

Supreme Court of Iowa.

May 7, 1957.

Attorney(s) appearing for the Case

Lundy, Butler & Lundy, and Donald C. Wilson, Eldora, for appellants.

R. B. Hawkins, Leon, and Killmar & Reynoldson, Osceola, for appellee.

WENNERSTRUM, Justice.

Plaintiff's action was one at law wherein he sought to recover claimed damages in the amount of $20,000 by reason of the purchase of forty shares of common stock of the Lamoni Provision Company, Inc. In his petition plaintiff pleaded the stock transaction was entered into by reason of fraud which induced and brought about the purchase made. Later the plaintiff rescinded the contract, tendered back the stock and sued at law to recover the claimed...

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