Case Name: E. H. GREEN v. C. H. MILLER
Court: Ohio Court of Appeals
Jurisdiction: Ohio
Decision Date: 1923-01-15
Citations: 1 Ohio Law Abs. 199
Docket Number: No. 4153
Parties: E. H. GREEN v. C. H. MILLER
Judges: 
Reporter: The Ohio Law Abstract
Volume: 1
Pages: 199–199

Head Matter:
No. 144
E. H. GREEN v. C. H. MILLER
Ohio Court of Appeals, Cuyahoga County
No. 4153,
Jan. 15, 1923
No Prior Publication of This Opinion Has Been Made
SALE OF STOCK — (l)Rescission of contract — (2) Prompt Notice Necessary.
Attorneys — P. L. Carr, Mt. Vernon, for Green; Scott and Bissell, for Miller.

Opinion:
EPITOMIZED OPINION
SAYRE, P. J.:
The plaintiff, Green, bought stock in a corporation from Miller, the president of the company, and later brought this action to rescind the sale of the stock, and hold Miller personally responsible, because the same had been obtained by fraud, by the use of a false financial statement. Green had entered into the employment of the corporation and had been so employed for more than a year, prior to the time when he asked to have his money returned, on the grounds of fraud. During the year that he was employed, he had full opportunity to become acquainted with the financial condition of the company. Held':
That if he would rescind the contract, he must offer to do so promptly on discovery of the facts that will justify a rescintion, and while he is able himself, or by the judgment of the court to place the opposite party in statu quo, and the plaintiff not having done so, is not entitled to relief.