Iowa State Bank v. Frankle

Tbe action is at law, for tbe recovery of tbe amount due on two promissory notes given by tbe defendant and appellant. Tbe answer admits tbe execution of tbe notes, and alleges that tbey were given to tbe plaintiff and appellee as part of tbe consideration for ten shares of tbe capital stock of tbe appellee bank; that appellant was induced to purchase tbe stock by false and fraudulent representations on tbe part of E. H. Hunter, president of tbe bank, as to tbe financial condition of tbe bank and tbe dividends theretofore paid upon its stock. By a counterclaim, appellant seeks to recover tbe…