Oregon Supreme Court April 8, 1925 (Craven v. Wright)

RAND, J.

— Plaintiff commenced this action against L. D. Johnson and John Charles Wright to recover,

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as money had and received, the sum of $1,500 alleged to have been paid to Johnson by plaintiff for the purchase by him for plaintiff of stock in a corporation not then formed, and which it is alleged was wrongfully diverted to another purpose by the defendants.