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KENNEDY v. FLO-TRONICS, INC.

No. 39994.

143 N.W.2d 827 (1966)

Robert E. KENNEDY, Respondent, v. FLO-TRONICS, INC., et al., Appellants.

Supreme Court of Minnesota.

June 24, 1966.

Attorney(s) appearing for the Case

Wheeler & Fredrikson and William B. McCallum and Lawrence Perlman, Minneapolis, for appellants.

Ryan, Ryan & Ebert, Brainerd, for respondent.

OPINION

OTIS, Justice.

This is an appeal from a judgment against defendants for $15,000 arising out of alleged misrepresentations made to plaintiff concerning the future value of corporate stock.

The contract out of which this litigation arose was entered February 23, 1961. By its terms plaintiff transferred to defendant Flo-Tronics, Inc., all of the assets in a business he was conducting under the name...

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