166 Iowa 119 | Iowa | 1914
I. On September 1, 1911, the defendant, Loomis, executed and delivered to one W. F. Malier his promissory note for $3,000 due March 1, 1912. It is alleged that before its maturity the note was sold to the plaintiff for a valuable consideration, and upon nonpayment and protest this action was brought against the maker. The answer denied: That the holder obtained the note for a valuable consideration, in good faith and before its maturity, and charges that the note was wholly without consideration and void, in that it was procured through fraud, misrepresentation, and deceit practiced in the inception of the note, whereby the same was made and delivered to the payee. That the note was given as a part of a land transaction between the parties, involving the exchange of land in Misssouri owned by Loomis for land in Minnesota. That in making the trade Maher represented the Minnesota land to be high, dry, without swamps; that it was'in a first-class farming condition, and was worth $40 per acre. That the defendant relied upon such representations, but that they were false and fraudulent, and so known to be by Maher, and the defendant had no knowledge of the land and believed such representations. He charges a purpose by Maher to cheat and defraud him. That upon learning of the fraud practiced upon him, about February 20, 1912, he promptly repudiated the contract. That Maher conspired
II. It has often been held by this court that there is a large discretion vested in the trial court in passing upon a motion for a new trial, and that it will not be interfered with
The eases cited, and many others, have adhered to the rule announced in Dewey v. Railway Co., 31 Iowa, 373, that the trial court “ought to grant new trials whenever their superior and more comprehensive judgment teaches them [it] that the verdict of the jury fails to administer substantial justice. ’ ’ This is not given as a power to be arbitrarily exercised, but it is necessarily recognized that the judge who presides over the trial of a cause has superior opportunities for knowing the real situation, which the appellate court cannot from the printed record so fully know, and that a broad latitude must properly be granted to it in ruling upon such motions. We might rest this case upon the general conclusion that from the whole record it does not appear that there was such an abuse, but we need not do so.
III. At the conclusion of the evidence, and before the
The record shows, and the trial court so instructed the jury, that the plaintiff became the holder of the note before it was due, and without knowledge that it had previously
IY. We need not go farther in considering the questions