Medford National Bank v. Blanchard

The questions to be decided in this case fall under three general heads:

1st. As to whether the suit to rescind constitutes an election and res judicata.

2d. Whether the positive assertion that the trade acceptance was insured, which assertion was found to be false, constitutes a basis for recovery, although made in good faith.

3d. Whether testimony of refusal by the makers to pay the trade acceptance at maturity, protest thereof and liquidation, under a receivership of the makers, is sufficient to justify the submission to a jury of the question of the alleged lack of value of such acceptance.

As…