Fassett

Fassett v. Caldwell

Good Law
1914 Cal. App. LEXIS 33·26 Cal. App. 13·145 P. 729
Court of Appeal of CaliforniaNovember 20, 1914Civ. No. 1413.California785 words

Opinion

lead Opinion

This is an appeal by plaintiff from a judgment in favor of the defendant in an action brought to recover on a demand in the form of an “I. O. U.” executed by the defendant to the plaintiff’s assignor, who is the father of plaintiff.

In November, 1911, plaintiff’s assignor inquired of defendant concerning a location where his son could open a store. A few days later defendant called his attention to a business conducted under the name of “Our Store Inc.” in which defendant was interested, and requested him to investigate it, advising him to invest one thousand five hundred dollars in it if he found it a good proposition, by purchasing three hundred shares of the capital stock of the corporation. Defendant took plaintiff’s assignor to the store, introduced him to different persons connected with the business, requesting them to help him make a thorough investigation. After plaintiff’s assignor had made a partial investigation of the business, and after, according to the evidence introduced by the defendant, he had stated that the proposed investment looked like a good one, plaintiff’s assignor, at the request of the defendant advanced two hundred dollars, and two days later, on…

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