Fulmele

On the nineteenth day of December, 1932, respondent sold to appellant 361 shares of its capital stock and issued a certificate therefor in consideration of the sum of $1,498.15 then and there paid. The complaint alleged two classes of facts which induced him to enter into this transaction; first, that respondent represented and stated that appellant could at any time demand and respondent would, upon such demand being made, redeem and repurchase from plaintiff said -shares of stock and return and repay to plaintiff the consideration paid therefor; also, that respondent made sundry representations of fact which are set out in the complaint, each and all of which were false, and by respondent known to be false, but which were believed and relied upon by appellant. The complaint further alleged that upon about the first day of May, 1913, and on divers dates thereafter, the plaintiff in person demanded of the defendant the return of his money from the defendant, and tendered and offered to defendant said certificate of stock and everything of value received from the defendant; that the defendant refused to accept said shares and certificate of stock and refused to pay, etc. It was…