Sun Finance & Loan Co. v. Cononico

This matter was heard on petition of plaintiff, answer of defendant, the testimony and exhibits.

The petition alleges that defendant obtained a loan of $960.00 from plaintiff; that disclosure was made of three enumerated debts (one of them a pre-existing loan from plaintiff); that reliance was placed on the disclosure for the purpose of making the loan; that nearly 4 years later, defendant was adjudicated a bankrupt; that some 15 other debts of defendant existed at the time of the loan; that the statement thus relied on “was false and that loan was fraudulently incurred and that it is not…