Wolfson

The appellant corporation, of which the individual defendants were officers and directors, was the owner of the Egyptian Ball Room at Ocean Park, and under date of December 26, 1926, said corporation leased said ballroom to the plaintiffs, who conducted same from that date until July 17, 1927, sustaining a loss of $11,348.59.

The complaint alleges that A. L. Gore, one of the individual defendants, in order to induce the plaintiffs to lease said ballroom, represented to plaintiff Burnett Wolfson that said ballroom “was a profitable going business;” that-said ballroom had done an average weekly business sufficient to meet and defray all of the expenses incurred in the operation and upkeep thereof during the months of October, November, December, January, February and March of each year, and that during the month of April, the first two weeks of May and the last two weeks of September of each year, the ballroom had done an average business so as to show a net profit of approximately $500 a week; that during the months of June, July, August and the first two weeks of September and the last two weeks of May of each year, the said ballroom had done an average business of $2,500 per…