Case Name: Ach, Appellant, v. The Joseph R. Peebles' Sons Co., Appellee
Court: Ohio Court of Appeals
Jurisdiction: Ohio
Decision Date: 1938-01-24
Citations: 59 Ohio App. 137
Docket Number: 
Parties: Ach, Appellant, v. The Joseph R. Peebles’ Sons Co., Appellee.
Judges: Hamilton and Matthews, JJ., concur.
Reporter: Ohio Appellate Reports
Volume: 59
Pages: 137–139

Head Matter:
Ach, Appellant, v. The Joseph R. Peebles’ Sons Co., Appellee.
(Decided January 24, 1938.)
Messrs. Paxton & Seasongood and Mr. Jacques L. Ach, for appellant.
Mr. Proome Morris, for appellee.

Opinion:
Eoss, P. J.
This is an appeal on questions of law from the Court of Common Pleas of Hamilton county, Ohio.
In this case the appellant purchased stock in The Joseph E. Peebles' Sons Company upon certain representations and under an agreement made with the corporation's representative that the value of the stock was correctly reflected in a balance sheet of the company, which was later found to be inaccurate.
The action is predicated upon fraud in the inception of the transaction resulting in the sale of the stock to the appellant. The prayer in the amended petition was for rescission and judgment for the purchase price of the stock.
The amended petition states a cause of action in equity. A receiver was appointed upon the application of the appellant. Applications for payment of many claims were made to such receiver.
The claim of the appellant came on to be heard, and, both counsel apparently being under the impression that the case was a law action, it was submitted to a jury. At the close of the evidence, both counsel submitted unreserved motions for an instructed verdict, and took exceptions to the refusal of the court to discharge the jury and pass upon the facts as well as the law.
-Upon this situation, no assignment of errors involving the jury need be considered by the court, as the jury acted merely in an advisory capacity to the court, which was considering first the right of the appellant to rescission of the contract, a purely equitable matter.
Upon examination of the record, we find no error in the judgment of the trial court, and, therefore, affirm the same.
Judgment affirmed.
Hamilton and Matthews, JJ., concur.