Kornbrodt v. Equitable Trust Co.

This is an action to recover for breach of an alleged promise. The complaint in substance alleges as the inducement for the promise that plaintiff purchased from defendant certain bonds of two irrigation districts of the state of Idaho; that both of said districts have since defaulted in the payment of the bonds and that the bonds are now of no value; that plaintiff sold a part of said bonds so purchased to Clark Kendall and Company; that, upon the district becoming insolvent, Clark Kendall and Company threatened to bring suit against plaintiff because of its purchase of said bonds from…