Wilkenson v. Linnecke

Defendant Linnecke appeals from a judgment in the sum of $10,000 compensatory damages plus $1,000 punitive damages. The judgment was based on findings that:

1. Linnecke promised the plaintiff Wood to perfect a security which Wood held to secure a loan he had made to one Madron.

2. The promise was made without intention to perform; and 3. without the security the loan had become worthless.

The basic facts are well known to the parties and need only be outlined: Madron and defendant were both interested in a corporation called Engle-Madron Company. Defendant was vice president and treasurer of the…