Vaughan v. Brandt
Idaho Supreme Court
APPEAL from the District Court of the Eighth Judicial District for Kootenai County. Hon. John M. Flynn, Judge. Action on a promissory note. Judgment for defendants. Plaintiff appeals. Those who execute negotiable paper and set it afloat are chargeable with a much higher degree of diligence and caution than is chargeable to those who purchase such paper in the due and regular course of commercial transactions.
Read the full summary
APPEAL from the District Court of the Eighth Judicial District for Kootenai County. Hon. John M. Flynn, Judge. Action on a promissory note. Judgment for defendants. Plaintiff appeals. Those who execute negotiable paper and set it afloat are chargeable with a much higher degree of diligence and caution than is chargeable to those who purchase such paper in the due and regular course of commercial transactions. ('Vaughan v. Johnson, 20 Ida. 669, 119 Pac. 879.) The respondents in this case contend that anyone seeking to make a claim in good faith on the purchase of McLaughlin Bros.’ paper must…
1Opinion of the CourtAilshie, J.
This action was instituted to recover on a promissory note. The defense was interposed that fraud was practiced by the payee in procuring the execution of the note and that it was given as payment of the purchase price for a stallion, and that the agent of the payee represented that the note should not be completed or delivered until sixteen signers had been procured, and that among them should be two persons who were well known to the other signers as men of good financial standing, and that in truth and fact neither of them ever signed or executed the note. A further defense was interposed…
2Cases cited6 opinions
- Winter v. NobsIdaho Supreme Court · 1910
- Vaughn v. JohnsonIdaho Supreme Court · 1911
- Park v. JohnsonIdaho Supreme Court · 1911
- Park v. BrandtIdaho Supreme Court · 1911
- Hammond v. HaskellCalifornia Court of Appeal · 1910
1 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Local Finance Company v. CharltonMissouri Court of Appeals · 1956
- First National Bank v. HallIdaho Supreme Court · 1917
- Smith v. ArmstrongCalifornia Court of Appeal · 1927
- Southwest National Bank v. LindsleyIdaho Supreme Court · 1916
- Burdell v. NeresonIdaho Supreme Court · 1915