46 Iowa 323 | Iowa | 1877
The evidence shows the following facts: At the time of the transaction complained of Yaw owed Baldwin for a couple of colts, and was negotiating for the purchase of a colt from Baldwin and also for the purchase of one from the plaintiff Bort. lie proposed to turn over the Evart note for the colts and what he owed Baldwin. Whilst the negotiation was pending, Bort proposed to sell to defendant a piano, for $200, and defendant offered him the balance of the Evart note, the Lotta note, and his own note for $91.00. This proposition was accepted. The plaintiff, Baldwin, for his colt and what defendant already owed him, obtained a part interest in the Evart note. The plaintiff, Bort, for his colt and piano, obtained the balance of the Evart note, the Lotta note, and the note of defendant. The trades were made at the same time, but they were wholly distinct. Bort had no interest in Baldwin’s trade and Baldwin had no interest in Sort’s trade.
It was during these trades that the false and faudulent representations complained of, as to the solvency of the makers of the notes, were made.
Affirmed.