162 Iowa 349 | Iowa | 1913
We have advanced this appeal for immediate hearing because the subject of the litigation has been heretofore sold under mortgage foreclosure and the time of redemp
This controversy arises out of an exchange of properties. The plaintiff conveyed to defendant a certain house and lot in Harlan. The defendants conveyed to plaintiff their farm of forty-three acres. The farm was taken at a valuation of $2,400 but subject to a mortgage of $1,600. The house and lot were taken at a valuation of $1,400; the' defendants executing back a mortgage thereon to the plaintiff for $600. The claim of the cross-bill is that plaintiff' misrepresented the condition of the town property. It is shown by plaintiff that defendant Robert Davis saw the property before he traded. As against this fact, it is shown by defendants that Robert saw the property only from the outside, and that he was dissuaded from further examination by the false representation of plaintiff that the then occupant of the house would not permit them to come inside. The inside condition was such as to materially impair the value of the property. The direct evidence of actual representation is not very strong. It is undisputed, however, that the value of the property conveyed to defendants was not greater than $600 or $700. Substantially the full amount of such value was reserved by the plaintiff by taking a mortgage back for $600. So that the net result of the trade was that defendants got no value for their equity in their farm. This is a circumstance which has corroborating value. In the light of this circumstance, the trial court was justified in its conclusions upon the entire evidence. The case involves only this question of fact. The decree below is therefore affirmed. Both motions to strike must be overruled. — Affirmed.