First National Bank v. Frank

The complaint in this case stated two causes of action. The first was a law action for fraud and deceit, the claim being that appellant Louis Frank had knowingly submitted a false statement of his individual assets, in reliance upon which the plaintiff bank was induced to extend credit to his firm, Genesee Motors. The record discloses questions of fact as to whether appellant signed the financial statement and knew it to be false, and the jury’s verdict on the first cause of action may not be disturbed. Appellant’s motion for a new trial of that cause of action on the ground of newly…