E. Ingraham Employees Federal Credit Union v. Doyle

The plaintiff brought this action to recover the balance alleged to be due it on a promissory note, alleging in substance that on March 9, 1956, it made a loan to the defendant of $2261 in reliance on his application therefor dated March 8, 1956, in which he listed no debts outstanding. It is further alleged that at the time the financial statement was made, the defendant had a debt to American Finance Company which he failed to list and that the defendant made the financial statement knowing it to be false and with the intent of inducing the plaintiff to make the loan and of defrauding the…