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GREEN v. KAROL

No. 3-174A16.

344 N.E.2d 106 (1976)

Robert F. GREEN, Appellant (Plaintiff below), v. Herbert J. KAROL, Appellee (Defendant below).

Court of Appeals of Indiana, Third District.

March 17, 1976.

Attorney(s) appearing for the Case

C. David Peebles, Fort Wayne, for appellant.

Clifford E. Simon, Jr., Shoaff, Keegan, Baird & Simon, Fort Wayne, for appellee.

STATON, Presiding Judge.

In early 1967, Dr. Robert Green purchased securities issued by Ingenio la Garita S.A., a Costa Rican corporation. Green paid the corporation $30,000.00 for these securities, which were issued in $6,000.00 units consisting of one debenture with a face value of $5,850.00 and one share of stock with a face value of $150.00. Green received ten shares of stock and no debentures. At the time of the transaction...

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