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McElrath v. Electric Investment Co.
Minnesota Supreme Court
131 N.W. 380 (Minn. 1911)
In leasing a property to the plaintiffs, the defendant stated that a third party company intended to complete an electric railroad and would run electric cars from Minneapolis through the property. As a result, the defendant contended, the area would become a major attraction and the plaintiffs would stand to run a profitable business. The company never completed the electric railroad. The plaintiffs brought suit for fraud. The defendant demurred to the claim and the demurrer was overruled. The defendant appealed.
Rule of Law
Holding and Reasoning (Brown, J.)
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