National Bank v. Mackey
National Bank v. Mackey
Opinion of the Court
There are, in fact, but two questions presented. The first is, does the answer allege facts sufficient to constitute a defense to the note in the hands of an indorsee ; and the second is, was there
The principal contention of the plaintiff in error is, that false and fraudulent representations in such a case can be predicated only upon past events or present conditions and existing circumstances; and that the allegations of the answer disclosed only a breach of a covenant, or a contract, for which damages might be awarded, but did not amount to fraudulently obtaining the notes, — that is, that such a fraud could not be predicated upon a promise to do something in the future. This contention cannot be sustained. A representation or declaration of a present intention to do something in the future — as in this case, or of one party to marry another — made with a fraudulent intent for the purpose of inducing another to part with his property, sufficiently false and fraudulent to avoid a contract or afford ground for equitable relief.
The other contention is, that the evidence offered in behalf of the defendants is not sufficient to sustain the allegation that the promise was made with a fraudulent intent and without any intention of performance upon the part of Thisler and Spillman, and for that reason the demurrer to the evidence should have been
The judgment is affirmed.
Reference
- Full Case Name
- The National Bank of Lancaster v. W. H. Mackey, jr., and Henry Staatz
- Cited By
- 1 case
- Status
- Published
- Syllabus
- 1. Fraud — predicated upon the facts of this case. In an action upon a negotiable promissory note in the hands of an indorsee, an answer that avers that the note was procured by false and fraudulent promises upon the part of the payees therein named, in that they falsely and fraudulently promised the makers, to induce them to buy a stallion and pay four hundred dollars in cash and give their three several notes for twelve hundred dollars payable in one, two and three years, that they would at the end of the first year receive the stallion back, refund four hundred dollars, return the notes and pay to the makers one hundred dollars in money for the keeping of the horse, when in truth they did not intend so to do, but made the promise solely for the purpose of obtaining the money and the notes, and that the plaintiff took the note with the knowledge of these facts, states a good defense to such action. 2. Evidence Examined — and held to sustain verdict. The record in this case examined and found to contain sufficient evidence to sustain the verdict of the jury upon said defense.