Universal CIT Credit Corporation v. Tatro

CROSS, Judge.

Defendant has appealed from an adverse judgment of the circuit court awarding plaintiff loan company $1,437.44 as actual damages sustained by reason of defendant’s alleged fraud practiced to procure a loan, and punitive damages in the amount of $500.00.

The case was tried upon the theory pleaded by plaintiff in its second amended petition to the effect that defendant went to plaintiff’s office and applied for a loan; that as a condition precedent to granting the loan plaintiff required, in addition to defendant’s own signature, that he obtain the signature of his wife, Billie…