Court Opinion

ID: 9642420
Source: CourtListenerOpinion
Date Created: 2023-08-22 17:57:21.780491+00
Date Added: 2024-06-11T18:10:47.256313
License: Public Domain

On Petition for Rehearing.
PER CURIAM.
The petition is in error in suggesting that the opinion forecloses all inquiry relative to falsity of representations as to Saunders’ “guiding hand.” That the so-called Clarence Saunders’ “concession” from the company of his name and of which he was president was transferred to the Stores Company is proved by the application to the corporation commission for a permit to purchase the license for certain shares, the granting of the permit, the issuance of the shares, and the áppearance of the license as an asset in the Stores Company accounts — all shown by documents and other evidence of the appellee. Appellee’s brief urges that the concession valued as an asset at $151,000 on the Stores Company’s balance sheet is “valueless,” not that it is not an asset. The burden was on the appellee to show that conforming in all, or even in part, of the requirements or advice given pursuant to this concession from the company of which he was president did not constitute Saunders’ guidance. We held this burden not sustained by the evidence offered. This does not prevent other and fuller evidence, if such there be, on this question in a new trial.
Petition denied.