Van Vliet Fletcher Automobile Co. v. Crowell

— I. In February, 1911, the plaintiff traded to the defendant an automobile, the consideration received being a fourth mortgage, of the face value of something in excess of sixteen hundred dollars, on eight hundred acres of land in Winnebago county, against which were at the time existing a first mortgage of $20,000, a second mortgage of $10,000, held by other parties, and a third mortgage of $10,-000, which, at the time of the trade, was owned by the defendant. Plaintiff’s action, as stated in its petition, is that it did not know the makers of the fourth mortgage, nor of their financial…