National Mortgage & Debenture Co. v. Lash
National Mortgage & Debenture Co. v. Lash
Opinion of the Court
The evidence throughout shows that the transaction by which this loan was procured was by and through the Kansas Mortgage Company of Topeka, Kan. ; that the negotiations were made by it with the defendant below, and the papers to perfect the loan were prepared by it; that, when the papers were executed at Hutchinson and sent to the mortgage company at Topeka, the “blue order” was with them, and that on the delivery of the note, mortgage, application for the loan, abstract of title and the “ blue order,” the money for the loan was then paid over to the mortgage company and the papers delivered to the plaintiff in error. If, as claimed by
Where there is any evidence tending to prove each fact necessary to entitle a party to recover, and the jury has returned a verdict in his favor which has been approved by the trial court, the Appellate Court will not reverse the judgment of the district court founded thereon, although it would have come to a different conclusion upon the whole evidence ; but where there is an entire lack of evidence to prove any material fact necessary to entitle the party to recover, this court will reverse the judgment of the lower court and remand the case for a new trial. The evidence in this case fails entirely to show anything which would authorize a recovery against the National Mortgage and Debenture Company, and the motion for a new trial should have been granted.
The judgment is reversed and the case remanded to the District Court, with direction to set aside the verdict and judgment and grant a new trial therein.
Reference
- Full Case Name
- The National Mortgage and Debenture Company v. Ephraim J. Lash
- Cited By
- 2 cases
- Status
- Published
- Syllabus
- 1. Agent — authorized to negotiate loan, lender’s payment to, is payment to principal. Where an agent is authorized in writing to negotiate a loan of money to be secured by mortgage on real estate, and is furnished by the mortgagors with the note and mortgage to perfect the loan, and receives the money from the mortgagee on the delivery of the note and mortgage; the payment of the money to the agent is a payment to the principal, and the mortgagee is not liable for a failure of the agent to pay the money over to his principal. 2. Reversal oe Judgment — where evidence necessary to prove material fact entirely wanting. Where there is evidence on the trial of a cause tending to proye each fact necessary to entitle the party to recover, and the jury returns a verdict in his favor, and the same has been approved by the trial court; the Appellate Court will not disturb the verdict or judgment rendered thereon, although it would have come to a different conclusion on the entire evidence ; but where there is an entire lack of evidence to prove some material fact necessary to enable the party to recover, this court will reverse the judgment of the lower court and remand the case for a new trial.