Hege v. Suderman

The opinion of the court was delivered by

Dawson, J.:

This was an action in rescission of an executed contract for the purchase of a note and mortgage predicated on a defect in the mortgagor’s title which eventually rendered the security worthless.

The pertinent and explanatory facts were these:

Plaintiff was a woman of some means, but without business experience. For many years she and her mother had been accustomed to consult defendant, H. E. Suderman, about their financial affairs, and occasionally they purchased a note and mortgage from him. He was president of the Midland National Bank at…