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Contracts Keyed to Marshall
Sternlieb v. Normandie National Securities Corp.
Citation:188 N.E. 726 (1934)
On the 21st day of September, 1929, the plaintiff purchased from the defendant five shares of the capital stock of the Bank of United States and of the Bankus Corporation, for which he paid $990. In his complaint he alleges that he was under twenty-one years of age. After the stock had dropped in value until it was worthless, this young plaintiff further alleges that on the 14th day of September, 1932, he notified the defendant that he rescinded his purchase, and that he was ready to tender and return the certificates. The plaintiff seeks to repudiate the contract of purchase.
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