HUSPEN v. T & H, INC.

Docket No. 139618.

200 Mich. App. 162 (1993)

504 N.W.2d 17

HUSPEN v. T & H, INC

Michigan Court of Appeals.

Decided June 8, 1993, at 9:40 A.M.


Attorney(s) appearing for the Case

Butzbaugh & Dewane (by Alfred M. Butzbaugh), for the plaintiff.

Howard & Howard (by Myra L. Willis and Jeffrey P. Chalmers), for the defendant.

Before: HOOD, P.J., and NEFF and REILLY, JJ.


PER CURIAM.

Defendant appeals as of right from a circuit court determination that defendant's rescission of a stock subscription agreement between plaintiff and defendant and defendant's cancellation of the stocks issued to plaintiff were void. We affirm.

In 1987, plaintiff was issued 1,000 shares of defendant's stock pursuant to a subscription agreement whereby plaintiff agreed to pay 50 cents a share. It appears that plaintiff obtained physical possession...

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