Schwemer v. Milwaukee Commercial Bank

The first exception of the defendant relates to the reception as evidence of the statement of assets and liabilities contained in Exhibit 7. There was no verification of its. correctness, and it clearly was not substantive proof tending to show the insolvency of the Aromatic Products Company. It was admitted by Mr. Kay that he had no reason to believe that the exhibit was incorrect. We cannot say that it had no probative value as bearing on the question of whether the bank and its officers had reasonable grounds to believe that the Aromatic Company was insolvent.

One of the main objections…