Wyoming Reports Volume 22

Wyoming Reports Volume 22

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1915 edition. Excerpt: ...84 Fed. 111; Anderson v. Kissam, 35 Fed. 699; Tolman v. Min. Co., 22 N. W. 505). The court found as matter of law that the defendant was estopped from denying the validity of the note, though in the same order it was found that the plaintiff knew the purpose for which the money was borrowed. Where both parties have knowledge the rule of estoppel does not apply. (Lucas v. Trans. Co., 70 Ia. 541; Durkee v. People, 155 Ill. 354; Bundy v. Jackson, 24 Fed. 628; Bank v. Bank, 16 N. Y. 125; Converse v. Emerson Co., 242 Ill. 619; Bank v. Bank & Tr. Co., 116 S. W. 792; Kenyon R. Co. v. Bank, 31 L. R. A. (N. S.) 169). The owner of stock in a corporation cannot lawfully authorize the borrowing of money by the corporation with which to purchase the stock. (Graves v. Mono Lake Co., 22 Pac. 665). The finding in favor of the bank was contrary to the law and the evidence. (Bank v. Church, 109 N. Y. 512; Maroney v. Cole, 103 N. Y. Supp. 560: Tire Repair Co. v. Price, 115 N. Y. Supp. 171). Herbert V. Lacey and John W. Lacey, for defendant in error. The bank had nothing to do with any of the transactions shown in the evidence other than the loaning by it of the money to the Lumber Company and taking its note therefor. The note is in terms joint and several. The general principle that a court may not after the term change or modify its finding of facts is subject to the exception that if steps be taken during the term, by motion or otherwise, to set aside, modify or correct the findings, the court has the same power at another term to which the proceedings may be continued as it would have had at the original term. (Bronson v. Schulter, 104 U. S. 410; Goddard v. Ordway, 101 U. S. 745: Watson v. Skating Rink Co., 177 Ill. 203, 52 N. E. 317; New Orleans v....show more

Product details

  • Paperback | 206 pages
  • 189 x 246 x 11mm | 376g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236807472
  • 9781236807472