Green v. McGoffin
Green v. McGoffin
Opinion of the Court
Opinion oe the Court by
McGoffin having vested the $2,500 in the purchase of 1-36th of LaCrescent City and had the right transferred to Green on the books, kept for that purpose by the company of stockholders, thereby fulfilled the trust he had undertaken to make on investment. Green, when notified of the investment as made, seemed to approve it and, though for more than a year after such notification he could have sold his interest for considerably more than cost, he preferred to retain it as an excellent speculation. After all this it was too late for him to renounce the investment and claim a restitution of the $2,500. The conventional reservation of an option to do so cannot be reasonably interpreted so as to
Consequently having attempted repudiation too late he has no right to enforce restitution.
Wherefore, the judgment dismissing his petition is affirmed.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.