First National Bank v. Steel
Michigan Supreme Court
Error t'o Clinton; Stone, J. Assumpsit by the First National Bank of Ovid against George A. Steel and David S. French to recover damages for fraud and deceit. There was judgment for defendants on a verdict directed by the court, and plaintiff brings error.
1Opinion of the CourtBlair, J.
This is an action of assumpsit, brought under the provisions of section 10421, 3 Comp. Laws, to recover for the fraud and deceit of defendants, whereby plaintiff was induced, as it is alleged, to discount certain notes and receive as collateral security certain corporate stock. The declaration contains two special counts, to which are added the common counts.
The first count alleges, so far as we deem it pertinent to this opinion to state its substance: That the defendants and Robert M. Steel were stockholders in the St. Johns Manufacturing Company. That on or about February 29, 1896,…
2Cases cited4 opinions
- Higgins v. . CrouseNew York Court of Appeals · 1895
- Briggs v. BrushaberMichigan Supreme Court · 1880
- Purdon v. SeligmanMichigan Supreme Court · 1889
- Short v. CureMichigan Supreme Court · 1894
3Cited by23 opinions
- Lothian v. City of DetroitMichigan Supreme Court · 1982
- American Indemnity Co. v. Ernst & ErnstCourt of Appeals of Texas · 1937
- McNaughton v. Rockford State BankMichigan Supreme Court · 1933
- Ramsey v. Child, Hulswit & Co.Michigan Supreme Court · 1917
- Dowse v. GaynorMichigan Supreme Court · 1908
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