Elwood v. Saterlie

This is an action on a promissory'note made by defendants to the order of W. A. Godwin & Son, and by them indorsed to plaintiff. The defense is that the note was given for part of the purchase price of a stallion bought by defendants S. S. and L. S. Saterlie from Godwin & Son, who warranted the horse in several respects, and as to such horse fraudulently made certain false statements which the purchasers believed, and on which they relied, and were induced thereby to purchase the horse. There are further allegations in the answer which state a good counterclaim or recoupment as against Godwin…