New York Life Ins. v. Lord
Court of Appeals for the Sixth Circuit
In Error to the Circuit Court of the United States for the Western Division of the Southern District of Ohio. This is a writ of error to review a judgment recovered by Susan J. Lord, Florence 0. Murdoch, Fannie C. Mendenhall, and Morten Carlisle against tbe New York Life Insurance Company for damages for failure to lend $172,000 to the plaintiffs upon mortgage security at 4% per cent.
Read the full summary
In Error to the Circuit Court of the United States for the Western Division of the Southern District of Ohio. This is a writ of error to review a judgment recovered by Susan J. Lord, Florence 0. Murdoch, Fannie C. Mendenhall, and Morten Carlisle against tbe New York Life Insurance Company for damages for failure to lend $172,000 to the plaintiffs upon mortgage security at 4% per cent. Prior to this litigation, on June 27, 1800, tbe St. Nicholas Hotel property, in Cincinnati, had been sold in pursuance of a decree made in partition by the court of common pleas of Hamilton county, Ohio, and had…
1Opinion of the CourtTaft, Circuit Judge
(after stating the facts as above). It is contended on behalf of the insurance company that no contract to make the loan is shown. We think it clear that the application for the loan, and the approval of it by the finance committee, who, it is conceded, had full power to make the loan, is quite enough to show *22a complete- contract. It is argued that Devlin, who- telegraphed Carlisle’s brokers that the loan was accepted, had no authority to make the loan, and that the vice president, who authorized Devlin to send the telegram, had no such authority; but it is not and cannot be denied that the…
2Cases cited4 opinions
- Hughes v. EdwardsSupreme Court of the United States · 1824
- Riggs v. TayloeSupreme Court of the United States · 1824
- Jackson ex dem. People v. WoodNew York Supreme Court · 1815
- Luscomb v. PrinceMassachusetts Supreme Judicial Court · 1815
3Cited by1 opinion
- Hendley v. First Nat. Bank of HuntsvilleSupreme Court of Alabama · 1937