Legal Opinion
Seaboard Finance Co. v. Costanzo
New York District Court
Decided May 2, 1962PublishedCited by 1 opinion
1Opinion of the CourtFrancis J. Donovan, J.
This is an action in fraud and deceit to recover damages alleged to have been sustained by the plaintiff in making a loan to the defendant in reliance upon a false financial statement.
The gravamen of the complaint is that certain debts of the defendant were omitted from a financial statement signed by bim and that the loan was made in reliance on the truth of the financial statement.
The defendant rested on plaintiff’s case.
The plaintiff’s case was submitted by its manager. He handled the negotiation personally, interviewed the defendant at the time he applied for the loan and did whatever…
2Cases cited4 opinions
- Household Finance Corporation v. Woodrow Wilbur Groscost, Household Finance Corporation v. Sadie Ruth GroscostCourt of Appeals for the Sixth Circuit · 1956
- Milo Turner v. Irving Bass, Trustee in Bankruptcy of Milo M. Turner, BankruptCourt of Appeals for the Ninth Circuit · 1959
- Low v. StateAppellate Division of the Supreme Court of the State of New York · 1953
- Low v. State of New YorkNew York Court of Appeals · 1953
3Cited by1 opinion
- Acli International Commodity Services, Inc. v. Banque Populaire SuisseDistrict Court, S.D. New York · 1984