McCorkle v. Lessenger
Supreme Court of Iowa
1Opinion of the CourtEvans, J.
I. The defendants are husband and wife, the husband being a physician in New London. The mortgage covers their home. The notes and mortgage were given to one Truitt ™ a very visionary speculation on their part, Truitt, a resident of St. Louis, appeared at New London, purporting to have for sale shares of stock in the Miller Train-Control Corporation. By various representations made by Truitt and readily relied on by the defendants, Truitt purported to sell to them 500 shares of such stock at $5.00 per share. They made part payment in cash, and for the residue gave the notes and mortgage in…
2Cited by1 opinion
- North American National Insurance v. HolstrumSupreme Court of Iowa · 1928