Gibbs v General Mortgage Corporation Ltd - [1932] NZLR 584

Company — Contract to take Shares in — Induced by False Representations — Shareholders accepting Appointment as "Local Advisory Directors" and authorizing Use of their Names — Names entered on Share-register — Prospectus issued to increase Company's Capital — Names of Members of "Local Advisory Boards" printed therein along with those of the Directors and Officers of the Company — Preference Shares subscribed for — Repudiation of Shares by "Local Directors" — Rescission — Laches — Knowledge — Waiver — Evidence of — Repudiation not withdrawn — Jus tertii — Estoppel — Voluntary Winding-up after Actions brought — Rectification of Share-register and Rescission granted.