Elder v. Sage

Since defendant-appellant has raised the question of fraud, it is necessary to detail many of the facts in this case.

The land upon which plaintiff Elder erected tourist cabins in which the defendant Sage installed heating and plumbing fixtures, was purchased by Elder for $900. He had only $600 of his own to pay toward the purchase price. In 1947, Elder negotiated a G. I. loan from the impleaded defendant, New Lisbon State Bank, in the amount of $10,000. The loan was to be repaid in instalments of $100 every three months commencing September 12, 1947. The specification for the G. I. loan…