Appleby v. Kurtz
Decision Date | 20 June 1931 |
Docket Number | No. 40663.,40663. |
Citation | 237 N.W. 312,212 Iowa 657 |
Parties | APPLEBY v. KURTZ ET AL. |
Court | Iowa Supreme Court |
OPINION TEXT STARTS HERE
Appeal from District Court, Wapello County; R. W. Smith, Judge.
Defendants appeal from a decree in an action to recover upon a promissory note and to foreclose mortgage given to secure it.
Affirmed.
W. W. Rankin, of Ottumwa, for appellants.
Ralph W. Burt, of Ottumwa, for appellee.
On March 15, 1929, plaintiff and defendant N. F. Kurtz made a contract for the sale by plaintiff to Kurtz of a business property for $2,850, of which $750 was to be paid down and the balance in monthly payments beginning May 1, 1929. For the $750 defendant gave to plaintiff a promissory note secured by mortgage upon other property. This suit is to recover upon the $750 note and to foreclose the mortgage. Defendants plead fraud and allege that they have been damaged to the extent of the payments made on the property, including the $750 and interest and in the amount of their moving expenses. They ask that the note be canceled and that they have judgment for $115 and costs.
[1] The property sold is a business building, which was stated in oral argument to have been the middle of three sections of a building, the exterior walls of which were brick. Defendants' testimony is that plaintiff, as an inducement to the making of the contract, stated: Plaintiff denies making the representations and denies that defendant complained to him that the side walls were not brick. He testifies that at the time of the trial he had owned the building for about four years, did not inspect it to see how it was built, and did not know the composition of the side walls or that the building is not a solid brick building. Defendants do not claim that plaintiff represented that he had knowledge of the composition of the walls, and there is no evidence that he did know, unless it be the circumstance that he had leased the...
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First Nat. Bank in Lenox v. Brown, 53956
...1165; 37 Am.Jur.2d, Fraud and Deceit, §§ 220, 222; Cf. Alpen v. Chapman, 179 N.W.2d 585, 589--590 (Iowa). But see Appleby v. Kurtz, 212 Iowa 657, 659, 237 N.W. 312. III. The note involved was not transferred after made, having at all times been retained by plaintiff bank. This being the cas......
- Appleby v. Kurtz