Farmers National Bank v. Pratt
Supreme Court of Iowa
Appeal from Plymouth District Court. — William Hutchinson, , Judge. Suit upon a promissory note given by the defendant in payment for stock in the Alfalfa & Cereal Milling Company, of Sioux City. The defendant pleaded fraud in the inception of the note. The jury returned a verdict for the defendant, and the plaintiff appeals. —
1Opinion of the CourtFaville, J.
i bills and purchasers^aduee síüpSas question. — This case presents the not unusual situation of a suit by a purchasing bank..upon a promissory note given by a subscriber' to corporation stock. Appellant claims to be a bona-fide purchaser of said note in due course. -Appellee pleaded that the note was.secured by false and fraudulent representations on the part 0£ 0fgcers an¿ agents of the corporation in which he purchased stock, in payment for which he executed the said note. The evidence shows that the appellee is a farmer, about 30 years of age, residing in the vicinity of Kingsley, Iowa.
On…
2Cases cited7 opinions
- Connelly v. Greenfield Savings BankSupreme Court of Iowa · 1921
- Gibson v. SeneySupreme Court of Iowa · 1908
- Banning v. MarleauCalifornia Supreme Court · 1898
- First National Bank v. WiseSupreme Court of Iowa · 1915
- Roberts v. OziasSupreme Court of Iowa · 1917
2 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- United States v. Mammoth Oil Co.Court of Appeals for the Eighth Circuit · 1926
- E. I. Du Pont De Nemours & Co. v. TomlinsonCourt of Appeals for the Fourth Circuit · 1924
- First National Bank v. DuttonSupreme Court of Iowa · 1925
- Gregg v. Middle States Utilities Co.Supreme Court of Iowa · 1940
- Second National Bank v. ScanlonSupreme Court of Iowa · 1923
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